Surprisingly, the US giant once again managed to impress with its latest figures. Both the group’s sales and profits were able to exceed market estimates in the fourth quarter. In the final quarter, Adobe earned $4.27 per share, while the forecast was for $4.13. Revenue compared to the previous year increased by 12% to $5.05 billion.

For the entire financial year, which ended on December 1, the software giant increased its revenue by 10% to $19.4 billion. At the end of the day, the company recorded a 14% increase in profits to $5.4 billion.

Outlook disappoints investors The numbers were positive for investors. However, the outlook was the fly in the ointment. With its forecast, Adobe – albeit only narrowly – passed the expectations.

So the Californians plan revenue of just under $21.4 billion for the 2024 financial year, while the market had calculated $21.7 billion.

The earnings per Adobe share of $17.60 to $18 also fell short of the estimated $18 on average.

Setbacks are always opportunities Investors had hoped for a little more revenue, and the share price fell 6.3% after hours. My conclusion for you with regard to the Adobe share is in any case to grab it or not to let it go. You should simply take advantage of setbacks in quality stocks like Adobe in the long run. The prospects remain very good. The business is booming.