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
|VTSMX||Vanguard Total Stock Market Index||1.74%|
|WASCX||Ivy Asset Strategy||1.05%|
The Bottom Line
Shares of ADBE are up 16% YTD.
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