Adobe Inc reports results for the quarter ended February 28 - Earnings Summary

• Adobe Inc ADBE.OQ reported quarterly adjusted earnings of $5.08​​ per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of $4.48. The mean expectation of twenty eight analysts for the quarter was for earnings of $4.97 per share. Wall Street expected results to range from $4.95 to $5.02 per share.

• Revenue rose 10.3% to $5.71 billion from a year ago; analysts expected $5.66 billion.

• Adobe Inc's reported EPS for the quarter was $4.14​.

• The company reported quarterly net income of $1.81 billion.

• Adobe Inc shares had fallen by 2.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 28 "strong buy" or "buy," 11 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "buy"

Wall Street's median 12-month price target for Adobe Inc is $600.00

This summary was machine generated from LSEG data March 12 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)