Adobe Systems Inc. Profit Advances 45% In Q4

(RTTNews) - Adobe Systems Inc. (ADBE) announced earnings for its fourth quarter that increased from last year.

The company said its bottom line climbed to $452.55 million, or $0.90 per share. This was higher than $311.90 million, or $0.62 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.86 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 22.9% to $1.61 billion. This was up from $1.31 billion last year.

Adobe Systems Inc. earnings at a glance:

-Earnings (Q4): $452.55 Mln. vs. $311.90 Mln. last year. -Earnings Growth (Y-o-Y): 45.1% -EPS (Q4): $0.90 vs. $0.62 last year. -EPS Growth (Y-o-Y): 45.2% -Analysts Estimate: $0.86 -Revenue (Q4): $1.61 Bln vs. $1.31 Bln last year. -Revenue Change (Y-o-Y): 22.9%