Adobe Shares Sink After The Company Reported Q4 Earnings And Issued Q1 And FY24 Total Revenue Guidance Below Estimates
Benzinga
2023-12-14
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Adobe Inc (NASDAQ:ADBE) shares are trading lower Thursday after the company reported quarterly results and issued soft guidance. Here's a rundown of the report.
Q4 Revenue: $5.05 billion beat estimates of $5.03 billion
Q4 EPS: $4.27 beat estimates of $4.14
Total revenues were up 12% on a year-over-year basis. Remaining performance obligations were $17.22 billion at the end of the quarter. Cash flows from operations totaled $1.6 billion in the fourth quarter.
Q4 Revenue: $5.05 billion beat estimates of $5.03 billion
Q4 EPS: $4.27 beat estimates of $4.14
Total revenues were up 12% on a year-over-year basis. Remaining performance obligations were $17.22 billion at the end of the quarter. Cash flows from operations totaled $1.6 billion in the fourth quarter.
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