Adobe Systems Inc. Q4 adjusted earnings Beat Estimates

(RTTNews) - Adobe Systems Inc. (ADBE) released earnings for its fourth quarter that advanced from the same period last year.

The company's bottom line came in at $2.25 billion, or $4.64 per share. This compares with $0.85 billion, or $1.74 per share, in last year's fourth quarter.

Excluding items, Adobe Systems Inc. reported adjusted earnings of $1.36 billion or $2.81 per share for the period.

Analysts had expected the company to earn $2.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.4% to $3.42 billion from $2.99 billion last year.

Adobe Systems Inc. earnings at a glance:

-Earnings (Q4): $1.36 Bln. vs. $1.12 Bln. last year. -EPS (Q4): $2.81 vs. $2.29 last year. -Analysts Estimate: $2.66 -Revenue (Q4): $3.42 Bln vs. $2.99 Bln last year.

-Guidance: Next quarter EPS guidance: $2.78 Next quarter revenue guidance: $3.75 Bln