Adobe Pops 2% on Q4 Earnings

Shares of Adobe ADBE are trading higher after the company reported its Q4 earnings results. Adobe reported non-GAAP EPS of $0.67 compared to $0.56 in the year ago period. This compares to analysts' consensus EPS estimates of $0.60. Adobe also beat Wall Street revenue estimates. The company reported net sales of $1.15 billion which compared to Street estimates of $1.09 billion. In after hours trading, ADBE shares have risen 2.61% to $27.10.