Apps & Software
Adobe Follows So-So Reception Trends (ADBE)
Published:
Last Updated:
Adobe Systems Inc. (NASDAQ: ADBE) has just posted earnings. The Flash and Acrobat software king has posted $0.35 non-GAAP EPS and $704.7 million in revenue. Thomson Reuters had estimates at $0.35 EPS and $694.75 million in revenues.
For next quarter, the company sees $0.30 to $0.37 non-GAAP EPS and $665 million to $715 million in revenues and estimates are $0.33 EPS and $676.05 million in revenues.
We had shares closing down 2.25% at $28.17 on an unofficial closing bell at 4:00 PM and shares appear to be trading at $27.70 in after-hours trading right after the report. Adobe’s 52-week trading range is $15.70 to $46.44.
So far the “so-so” and “less-bad” news is starting to be met by more and more sellers. When you consider how much these stocks have run since the March lows, there is little surprise that meeting or reaffirming guidance is going to be received without emotion.
Jon C. Ogg
June 16, 2009
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
