Earnings Results: Adobe stock jumps after earnings beat, in-line annual forecast

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Adobe Inc. shares rose in the extended session Thursday after the software company capped off its fiscal year by topping quarterly earnings expectations, and reminded analysts of its accuracy when questioned about its guidance.

Adobe ADBE forecast full-year earnings of $15.15 to $15.45 a share on revenue of $19.1 billion to $19.3 billion, while analysts surveyed by FactSet expected $15.33 a share on revenue of $19.35 billion. The company also expects new Digital Media ARR of about $1.65 billion versus the Street’s expected…

This article was originally published by Marketwatch.com. Read the original article here.

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