Creative software giant Adobe (NASDAQ:ADBE) will announce earnings after market close. Last quarter, Adobe beat revenue expectations by 1.4%, reporting $5.99 billion, up 10.7% year on year. Analysts expect revenue to grow 9% to $6.11 billion this quarter, with adjusted earnings of $5.40 per share. Adobe has a history of exceeding Wall Street’s expectations, beating revenue estimates by 1% on average over the past two years. Analysts anticipate the business to stay the course heading into earnings. Adobe is up 3.3% over the last month, with an average analyst price target of $447.56.
Read more at Barchart: Adobe (ADBE) Reports Q4 Results Tomorrow
