Adobe Systems (ADBE) Tops Q3 EPS by 3c
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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.
... More