Adobe Reports Record Revenue
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
UBS Raises Price Target on Adobe Systems (ADBE) Following Solid 3Q
September 21, 2016 9:04 AM EDTUBS reiterated a Buy rating on Adobe Systems (NASDAQ: ADBE), and raised the price target to $130.00 (from $122.00), following the company's 3Q earnings report.ADBE reported revenue of $1464M, ahead of $1,445M estimates. EPS of $0.75 came in 0.03 ahead of estimates.
Analyst Brent Thill commented, "We believe strong results across all Clouds + oper.... More
Adobe Systems (ADBE) Guides Q4, FY16 EPS Above Views
September 20, 2016 4:12 PM EDTAdobe Systems (NASDAQ: ADBE) sees Q4 adjusted EPS of $0.83 - $0.89 and revenue of $1.55 - $1.6 billion, with estimates calling for EPS of $0.78 and revenue of $1.58 billion.
The company sees $5.8 - $5.85 billion, with estimates at $5.81 billion. Adobe also sees FY16 adjusted EPS of $2.94 - $3.00, versus the consensus at $2.87.
... MoreAdobe Systems (ADBE) Tops Q3 EPS by 3c
September 20, 2016 4:06 PM EDTAdobe Systems (NASDAQ: ADBE) reported Q3 EPS of $0.75, $0.03 better than the analyst estimate of $0.72. Revenue for the quarter came in at $1.46 billion versus the consensus estimate of $1.45 billion.
Executive Quotes
We drove strong revenue and earnings performance in Q3, further distancing ourselves from our... More
