Adobe 4Q Results Beat Estimates
Dec 13th 2012 8:15PM
Updated Dec 13th 2012 8:28PM
Adobe reported 4Q and fiscal 2012 results today. The quarterly figures beat expectations, but the company's guidance came in under the market consensus.
In an official statement, Adobe said its total quarterly revenue amounted to $1.15 billion. Non-GAAP net profit, meanwhile, was $308 million ($0.61 per share).
Analysts had been expecting revenue of around $1.1 billion, and EPS of $0.56.
Fiscal 2012 revenue came in at $4.4 billion, and non-GAAP bottom line was $1.18 billion ($2.35 EPS).
In a conference call announcing the results, Adobe provided guidance for its upcoming 1Q. The company expects revenue of $950 million-$1 billion, and EPS of $0.26-$0.32. This is below analyst expectations of $1.07 billion and $0.56, respectively.
It also gave its fiscal 2013 projections, which similarly fell short of market expectations. The company believes it will post revenue of $4.1 billion, and EPS of $1.40, whereas analysts had expected $4.5 billion in top line, and $2.37 EPS.
The article Adobe 4Q Results Beat Estimates originally appeared on Fool.com.Eric Volkman has no positions in Adobe. The Motley Fool has no positions in Adobe. Motley Fool newsletter services recommend Adobe Systems. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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