Adobe Systems (ADBE) Tops Q1 EPS by 5c
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March 18, 2016 8:52 AM EDT
UBS 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
March 17, 2016 4:11 PM EDT
Adobe 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.
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March 16, 2016 2:51 PM EDT
The Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EDT
Initial Claims - Street sees 266kContinuing Claims - no Street consensusPhilly Fed - Street sees (1.4)Current Account Balance - Street sees...
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