Adobe Systems (NASDAQ:ADBE) saw its shares fall by over 7% intra-day today following the release of its better-than-expected fourth fiscal quarter results but disappointing guidance.

The company reported a Q4 earnings per share (EPS) of $4.27, surpassing the Street estimate of $4.13. Revenue increased by 12% compared to the same period last year (or 13% on a constant currency basis) reaching $5.05 billion, slightly above the Street estimate of $5.01 billion.

In the Digital Media segment, revenue grew by 13% year-over-year to $3.72 billion. This growth included a 12% increase in Creative revenue to $3.00 billion and a 16% rise in Document Cloud revenue to $721 million.

The Digital Experience segment also saw growth, with its revenue reaching $1.27 billion, a 10% increase year-over-year. Subscription revenue in this segment grew by 12% to $1.12 billion.

For the first quarter of fiscal year 2024, Adobe anticipates an EPS in the range of $4.35 to $4.40, compared to the consensus estimate of $4.26. However, the revenue forecast for the same period is set between $5.1 billion and $5.15 billion, falling short of the consensus estimate of $5.19 billion.

Looking at the full year, Adobe projects an EPS between $17.60 and $18.00, compared to the consensus estimate of $18.00, and anticipates revenue to be between $21.3 billion and $21.5 billion, which is below the consensus estimate of $21.73 billion.

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

× ¿Cómo puedo ayudarte?