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Shantanu Narayen, CEO of Adobe, attends a media event in Mumbai on May 3, 2017.
Abhijit Bhatlekar | Mint | Hindustan Times | Getty Images
Adobe shares rose 5% in extended trading on Wednesday after software maker announced fiscal first-quarter results that topped Wall Street estimates and lifted its full-year foercast.
Here’s how the company did:
- Earnings: $3.80 per share, adjusted, vs. $3.68 per share as expected by analysts, according to Refinitiv.
- Revenue: $4.66 billion, vs. $4.62 billion as expected by analysts, according to Refinitiv.
Revenue rose 9% year over year in the quarter that ended March 3, according to a statement. Net income fell slightly to $1.25 billion.
The company’s Digital…
Source cnbc.com
