Adobe Systems (ADBE) Guides Q3 EPS, Revenue Midpoint to Light-Side of Expectations
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UBS Raises Price Target on Adobe Systems (ADBE) to $122 Following Strong 2Q
June 22, 2016 7:53 AM EDTUBS reiterated a Buy rating on Adobe Systems (NASDAQ: ADBE), and raised the price target to $122.00 (from $114.00), following the company's 2Q earnings report. ADBE reported revenue of $1,399M in the upper half of the company's guidance of $1,365-1,415M, but below the Street's $1,404M. EPS was reported at $0.71, beating the Street's $0.68, and guidance of $0.64-0.70.
Analyst Brent Thill commented, "Q1 was a tough one to match: a beat... More
Adobe Systems (ADBE) Tops Q2 EPS by 3c; Says on Track to Meet, Exceed FY16 Expectations
June 21, 2016 4:06 PM EDT(Updated - June 21, 2016 4:13 PM EDT)
Adobe Systems (NASDAQ: ADBE) reported Q2 EPS of $0.71, $0.03 better than the analyst estimate of $0.68. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.4 billion.
Digital Media segment revenue grew by 26 percent year-over-year to a record $943 million, with Creative... More