Adobe Reports Record Revenue
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Adobe (ADBE) PT Raised to $180 at Jefferies; Small Speed Bump
September 20, 2017 6:35 AM EDTJefferies raised its price target on Adobe (NASDAQ: ADBE) to $180.00 (from $175.00) while maintaining a Buy rating.
Analyst Brent Thill notes Q3 bookings miss in Experience Cloud detracted from an otherwise strong quarter with revenue beat across major segments and EPS... More
Adobe Systems (ADBE) Tops Q3 Tops by 9c, Revs Beat
September 19, 2017 4:06 PM EDTAdobe Systems (NASDAQ: ADBE) reported Q3 EPS of $1.10, 9 cents better than the analyst estimate of $1.01. Revenue for the quarter came in at $1.84 billion versus the consensus estimate of $1.82 billion.
Adobe achieved record quarterly revenue of $1.84 billion in its third quarter of fiscal year 2017, which represents 26 percent year-over-year revenue growth.Diluted earnings per share was... More