Investing.com - 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, still down 9.79% from its 52 week high of $536.25 set on September 2. 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 following 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.
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