8 Metrics Highlight Adobe's Record Fourth Quarter
Expectations were high going into Adobe Systems' (NASDAQ: ADBE) fiscal fourth-quarter results. With shares of the creative and digital-media software specialist up 34% year to date before the latest quarterly numbers were released after market close Thursday, investors were likely hoping fourth-quarter top- and bottom-line figures would come in ahead of analysts' average forecast. They did just that -- and shares are rising more than 2% in after-hours trading following the quarterly update.
The quarter was fueled by broad-based strength across the company's segments, as its loyal customer base continues to respond positively to its continued product innovation.
"Adobe delivered another year of strong revenue growth and expanding profitability resulting in record earnings," CFO John Murphy said in the company's earnings release. "We are bullish about our opportunities and our ability to continue to deliver strong top- and bottom-line growth."
Source Fool.com
