![]() Net income for the quarter came to $1.48 billion, up from a profit of $1.78 billion in the same period a year ago.Īlthough those numbers were good, things got stickier as Adobe detailed its first quarter fiscal 2024 guidance, saying it’s projecting revenue of between $5.1 billion and $5.15 billion, below Wall Street’s target of $5.16 billion. The company noted that this was the first quarter in which its revenue surpassed the $5 billion mark. Revenue rose 12% from a year ago, to $5.05 billion, squeezing past the analyst consensus estimate of $5 billion. 1, the company reported earnings before certain costs such as stock compensation of $4.27 per share, ahead of its own guidance and also above Wall Street’s call for $4.13 per share in earnings. The disappointing forecast came as Adobe said separately it may face significant costs or penalties relating to a Federal Trade Commission probe into its disclosure and subscription cancellation policies.įor its fiscal fourth quarter ended Dec. ![]() Shares of Adobe Inc. traded almost 5% lower after-hours today after the company provided soft revenue guidance for its February quarter and fiscal 2024 year.
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