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Adobe shares soar 17% on better-than-expected results

Adobe shares soar 17% on better-than-expected results

Shantanu Narayen, CEO of Adobe being interviewed by Jim Cramer

Linda Dimyan | CNBC

Adobe shares jumped 17% in extended trading on Thursday after the design software maker reported earnings and revenue that topped estimates and lifted full-year guidance.

Here’s how the company did in comparison with LSEG consensus:

  • Earnings per share: $4.48 adjusted, vs. $4.39 expected
  • Revenue: $5.31 billion vs. $5.29 billion expected

Adobe’s revenue grew 10% year…


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