Adobe Stock Rises on Earnings Beat
Adobe posted better than expected 2017 first quarter financial results.
Adobe (ADBE) - Get Report posted better than expected 2017 first quarter financial results.
The software company reported earnings of 94 cents per share on a non-GAAP basis, while revenue came in at $1.68 billion for the most recent quarter.
Analysts surveyed by FactSet were expecting earnings of 87 cents per share on revenue of $1.38 billion for the quarter.
"Our solid execution and business momentum combined with strong market tailwinds give us confidence in our ability to continue to deliver strong financial results," Adobe CFO Mark Garret said.
This article was written by a staff member of TheStreet.
