Adobe Fiscal Q2 Adjusted Earnings, Revenue Rise; Shares Fall After Hours

MT Newswires Live
Jun 12

Adobe (ADBE) reported fiscal Q2 adjusted earnings late Thursday of $5.96 per diluted share, up from $5.06 a year earlier.

Analysts polled by FactSet expected $5.82.

Revenue in the three months ended May 29 rose to $6.62 billion from $5.87 billion a year earlier.

Analysts expected $6.45 billion.

The company expects Q3 adjusted EPS of $6.05 to $6.10 on revenue of $6.67 billion to $6.72 billion. Analysts expect EPS of $5.77 on revenue of $6.52 billion.

Adobe expects full-year adjusted EPS of $24.35 to $24.45 on revenue of $26.5 billion to $26.6 billion.

Analysts expect EPS of $23.54 on revenue of $26.06 billion.

Chief Financial Officer Dan Durn will exit the company on Monday to pursue a new opportunity. Stevy Day, senior vice president of corporate finance, will serve as interim CFO.

Adobe shares fell 5.7% in after-hours trading.

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