Adobe Systems (ADBE) Guides Q4, FY16 EPS Above Views

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UBS Raises Price Target on Adobe Systems (ADBE) Following Solid 3Q

September 21, 2016 9:04 AM EDT

UBS 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) Tops Q3 EPS by 3c

September 20, 2016 4:06 PM EDT

Adobe 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