. The software company posted earnings of $2.29 per share on revenue of $2.99 billion, exceeding the earnings of $2.26 per share and revenue of $2.97 billion analysts expected, according to Refintiv consensus estimates. Deferred revenue fell short, however, coming in at $3.38 billion versus the $3.64 billion expected.
For the first quarter, the company expects adjusted earnings of $2.23 per share on revenue of $3.04 billion. That earnings projection was in-line with forecasts, while analysts expected revenue of $3.09 billion.
Adobe is a leviathan. I expect it to rise even if we hit a recession
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