Adobe earnings jump, layoffs expected
updated 10:05 pm EST, Thu December 15, 2005
Adobe earnings jump
Adobe today announced that is quarterly earnings . Adobe's net income in its fiscal fourth quarter ended December 2 rose to $156.3 million, or 31 cents per share, edging analysts' average estimates calling for earnings of 29 cents a share on revenue of $507 million, according to Reuters. Looking ahead, Adobe said it expects first-quarter revenue of $630 million to $660 million and net income of about 13 cents to 16 cents per share.
