Adobe (ADBE) earnings Q4 2022

Adobe shares rose 6% in extended trading on Thursday after the design software maker announced fiscal fourth-quarter earnings and guidance that exceeded analysts’ expectations.

Here’s how the company did:

• Earnings: $3.60 per share, adjusted, vs. $3.50 per share as expected by analysts, according to Refinitiv.
• Revenue: $4.53 billion, vs. $4.53 billion as expected by analysts, according to Refinitiv.

Total revenue grew 10% year over year in the quarter, which ended on Dec. 2, according to a statement. In the previous quarter revenue rose by 13%. Net income, at $1.18 billion, was down slightly from $1.23 billion in the year-ago quarter.

“We…