Adobe Systems (ADBE) Boosts FY16 Outlook; Guides Q2 EPS, 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) Tops Q1 EPS by 5c
March 17, 2016 4:05 PM EDTAdobe Systems (NASDAQ: ADBE) reported Q1 EPS of $0.66, $0.05 better than the analyst estimate of $0.61. Revenue for the quarter came in at $1.38 billion versus the consensus estimate of $1.34 billion.
Digital Media segment revenue grew by 33 percent year-over-year to a record $932 million,... More