Adobe Reports Record Revenue
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UBS Raises Price Target on Adobe Systems (ADBE) Following Strong 1Q Results
March 18, 2016 8:52 AM EDTUBS reiterated a Buy rating on Adobe Systems (NASDAQ: ADBE), and raised the price target to $114.00 (from $105.00), following the company's 1Q earnings report. ADBE reported revenues of $1,383M, ahead of the Street's estimate of $1,336M, as well as guidance of $1,300-1,350M. EPS of $0.66 also beat the consensus estimates at... More
Adobe Systems (ADBE) Boosts FY16 Outlook; Guides Q2 EPS, Revenue
March 17, 2016 4:11 PM EDTAdobe Systems (NASDAQ: ADBE) sees FY revenue about $5.8 billion and EPS of about $2.80, from $5.7billion and $2.70 previously expected, respectively. The Street sees FY16 revenue of $5.74 billion and EPS of $2.76.
Sees Q2 revenue of $1.365 and EPS of $0.64 - $0.70. Consensus views expect Q2 revenue of $1.39 billion and EPS of $0.65.
... More