Adobe Programs (ADBE) got here out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $2.26 per share. This compares to earnings of $1.83 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 1.33%. 1 / 4 in the past, it was anticipated that this software program maker would put up earnings of $1.97 per share when it truly produced earnings of $2.05, delivering a shock of 4.06%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.
Adobe, which belongs to the Zacks Laptop – Software program business, posted revenues of $2.99 billion for the quarter ended November 2019, surpassing the Zacks Consensus Estimate by 0.75%. This compares to year-ago revenues of $2.46 billion. The corporate has topped consensus income estimates 4 occasions during the last 4 quarters.
The sustainability of the inventory’s rapid value motion based mostly on the recently-released numbers…