Adobe Systems (ADBE) Tops Q4 EPS by 10c, Q1 EPS Guidance Tops Views
(Updated - December 14, 2017 4:18 PM EST)
Adobe Systems (NASDAQ: ADBE) reported Q4 EPS of $1.26, $0.10 better than the analyst estimate of $1.16. Revenue for the quarter came in at $2.01 billion versus the consensus estimate of $1.95 billion.
"Adobe delivered record revenue of $2 billion in Q4," said Shantanu Narayen, president and CEO, Adobe. "Our strong business momentum is driven by the market-leading solutions we provide to empower people to create and businesses to digitally transform.”
“Adobe achieved record annual and quarterly revenue, and the leverage in our business model once again drove record profit and earnings," said Mark Garrett, executive vice president and CFO, Adobe. “We are raising our fiscal 2018 revenue target and remain bullish about delivering strong top line and bottom line growth.”
The company sees FY EPS of $5.50 on revenue of $8.725 billion vs consensus of $8.71 billion.
Q1 EPS is seen at $1.27 vs consensus of $1.24 on revenue of 2.04 billion vs consensus of 2.04 billion)
(Guidance from slides)
For earnings history and earnings-related data on Adobe Systems (ADBE) click here.