Investing.com - Adobe (NASDAQ:ADBE) reported fourth quarter earnings that missed analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.83 on revenue of $2.46B. Analysts polled by Investing.com forecast EPS of $1.89 on revenue of $2.43B. That compared to EPS of $1 on revenue of $2.01B in the same period a year earlier. The company had reported EPS of $1.73 on revenue of $2.29B in the previous quarter.
For the year, Adobe shares are up 41.57%, outperforming the Nasdaq which is up 1.91% year to date.
Adobe follows other major Technology sector earnings this month
On November 27, Salesforce.com reported third quarter EPS of $0.61 on revenue of $3.39B, compared to forecasts of EPS of $0.5 on revenue of $3.37B.
Broadcom earnings beat analyst's expectations on December 6, with fourth quarter EPS of $5.85 on revenue of $5.45B. Investing.com analysts expected EPS of $5.58 on revenue of $5.4B
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