Adobe Systems (ADBE) released its fourth quarter financial results after the closing bell on Thursday. The company reported higher earnings, which came in above analysts’ estimates.
Inside ADBE's Results
The company reported earnings of $73.3 million, or 14 cents per share, up from $65.3 million, or 13 cents per share, a year ago. Excluding special items, earnings were 36 cents – above analysts’ view of 30 cents.
Revenue rose 3% to $1.07 billion from $1.04 billion. Analysts expected the company to report revenue of $1.06 billion.
Looking ahead to Q1, the company expects to see earnings between 14 cents and 20 cents. Adjusted earnings are expected to be between 34 cents and 40 cents per share. Analysts expect to see earnings of 39 cents per share.
For FY2015, the company expects earnings of $1.20 and adjusted earnings of $2.05 per share. Analysts expect to see earnings of $2.07 per share.
Mutual Funds to Watch
There are several mutual funds invested in Adobe. Below are three funds that hold the largest stakes in the company.
|VTSMX||Vanguard Total Stock Market Index||1.74%|
|WASCX||Ivy Asset Strategy||1.05%|
The Bottom Line
The funds above are a great way for investors to gain exposure to a diverse bundle of securities and industries. Investors interested in Adobe may also be interested in Microsoft (MSFT) and Autodesk (ADSK).
Shares of ADBE are up 16% YTD.