Adobe Inc
NASDAQ:ADBE

  • LAST PRICE
    586.5500
  • TODAY'S CHANGE (%)
    6.1700 (1.0631%)
  • Bid / Lots
    549.0000/ 3
  • Ask / Lots
    550.0000/ 3
  • Open / Previous Close
    581.4450 / 580.3800
  • Day Range
    572.9800
    587.7500
  • 52 Week Range
    433.9700
    638.2500
  • Volume
    3,991,330

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  • Today

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    • 15 minutes ago by MT Newswires
      Companies Mentioned: ADBE
      04:06 PM EDT, 09/12/2024 (MT Newswires) -- ...

    • 15 minutes ago by MT Newswires
      Companies Mentioned: ADBE
      04:06 PM EDT, 09/12/2024 (MT Newswires) -- Price: 561.70, Change: -24.85, Percent Change: -4.24 ...

    • 16 minutes ago by MT Newswires
      Companies Mentioned: ADBE
      04:05 PM EDT, 09/12/2024 (MT Newswires) -- ...

    • 16 minutes ago by Dow Jones
      Companies Mentioned: ADBE
      === ======= ========== ===== Net income: GAAP net income $ 1,684 $ 1,403 $ 1,573 Stock-based and deferred compensation expense 485 448 472 Amortization of intangibles 83 92 84 Acquisition-related expenses (1) -- 27 -- Loss contingency (reversal) (2) (45) -- -- Investment (gains) losses, net (12) (6) (4) Income tax adjustments (115) (86) (102) --- ------- ---------- ----- Non-GAAP net income $ 2,080 $ 1,878 $ 2,023 === ======= ========== ===== Diluted net income per share: GAAP diluted net income per share $ 3.76 $ 3.05 $ 3.49 Stock-based and deferred compensation expense 1.08 0.98 1.04 Amortization of intangibles 0.19 0.20 0.19 Acquisition-related expenses (1) -- 0.06 -- Loss contingency (reversal) (2) (0.10) -- -- Investment (gains) losses, net (0.03) (0.01) (0.01) Income tax adjustments (0.25) (0.19) (0.23) --- ------- ---------- ----- Non-GAAP diluted net income per share $ 4.65 $ 4.09 $ 4.48 === ======= ========== ===== Shares used to compute diluted net income per share 448 459 451 (1) Associated with the Figma transaction, and includes deal costs, certain professional fees and the termination fee (2) Associated with an IP litigation matter Non-GAAP Results (continued) The following table shows Adobe's third quarter fiscal year 2024 GAAP tax rate reconciled to the non-GAAP tax rate included in this release. Third Quarter Fiscal 2024 ------------------ Effective income tax rate: GAAP effective income tax rate 17.5 % Income tax adjustments 2.5 Stock-based and deferred compensation expense (1.4) Amortization of intangibles (0.2) Loss contingency reversal (2) 0.1 -------- --- Non-GAAP effective income tax rate (3) 18.5 % ======== (2) Associated with an IP litigation matter (3) Represents Adobe's fixed long-term non-GAAP tax rate based on projections and currently available information through fiscal 2025 Reconciliation of GAAP to Non-GAAP Financial Targets The following tables show Adobe's fourth quarter fiscal year 2024 financial targets reconciled to non-GAAP financial targets included in this release. (Shares in millions) Fourth Quarter Fiscal 2024 ---------------------------------- Low High -------------------- ------------ Diluted net income per share: GAAP diluted net income per share $ 3.58 $ 3.63 Stock-based and deferred compensation expense 1.03 1.03 Amortization of intangibles 0.19 0.19 Lease-related asset impairments and other charges (4) 0.20 0.20 Income tax adjustments (0.37) (0.37) ---- ---------- -------- Non-GAAP diluted net income per share $ 4.63 $ 4.68 ==== ========== ======== Shares used to compute diluted net income per share 445 445 Fourth Quarter Fiscal 2024 ------------------- Effective income tax rate: GAAP effective income tax rate 16.0 % Stock-based and deferred compensation expense (1.1) Amortization of intangibles (0.2) Lease-related asset impairments and other charges (4) (0.2) Income tax adjustments 4.0 -------- ---- Non-GAAP effective income tax rate (3) 18.5 % ======== === (3) Represents Adobe's fixed long-term non-GAAP tax rate based on projections and currently available information through fiscal 2025 (4) Associated with the optimization of our leased facilities, and primarily includes impairment charges related to certain operating lease right-of-use assets and leasehold improvements

    • 16 minutes ago by Dow Jones
      Companies Mentioned: ADBE

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