Adobe Q1 Earnings Beat Estimates, Revenues Up Y/Y, Shares Fall

Adobe reported fiscal Q1 EPS of $6.06 and revenue of $6.4B, topping estimates, with subscription sales up 13%. Management gave an upbeat fiscal Q2 outlook, but shares fell on the release, indicating mixed investor reaction despite strong top- and bottom-line metrics.

Analysis

Adobe reported fiscal Q1 EPS of $6.06 and revenue of $6.4B, topping estimates, with subscription sales up 13%. Management gave an upbeat fiscal Q2 outlook, but shares fell on the release, indicating mixed investor reaction despite strong top- and bottom-line metrics.