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Adobe Climbs 15% After Q2 Beats Estimates

Benzinga ·  Jun 13 16:32

$Adobe (ADBE.US)$ rose some 15% after hours on Thursday after the company reported quarterly earnings of $4.48 per share which beat the analyst consensus estimate of $4.39 by 2.1%.

The company reported quarterly sales of $5.310 billion which beat the analyst consensus estimate of $5.292 billion by 0.3%.  This is a 10.3% increase over sales of $4.816 billion the same period last year.

ADBE gained 14.4% shortly after 4:30 p.m. ET to trade at $524.60.

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