Adobe Earnings, Revenue beat in Q4

Adobe (NASDAQ:ADBE) reported on Thursday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Adobe announced earnings per share of $2.81 on revenue of $3.42B. Analysts polled by Investing.com anticipated EPS of $2.67 on revenue of $3.36B.

Adobe shares are up 46% from the beginning of the year and are trading at $484.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 13.68% from the start of the year.

Adobe shares gained 0.05% in pre-market trade the report.

Adobe follows other major Technology sector earnings this month

Adobe’s report follows an earnings beat by NVIDIA on November 18, who reported EPS of $2.91 on revenue of $4.73B, compared to forecasts EPS of $2.58 on revenue of $4.42B.

Salesforce.com had beat expectations on December 1 with third quarter EPS of $1.74 on revenue of $5.42B, compared to forecast for EPS of $0.7488 on revenue of $5.25B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar