Adobe Reports Record Revenue

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Adobe (ADBE) PT Raised to $288 at RBC Capital; Fundamentals Intact Despite Opex Disappointment

June 15, 2018 6:50 AM EDT

RBC Capital raised its price target on Adobe (NASDAQ: ADBE) to $288.00 (from $268.00) while maintaining an Outperform rating following solid results.

Analyst Ross MacMillan said while opex for the quarter and the F3Q18 ARR guide may have disappointed some bulls, we think the... More

Adobe Systems (ADBE) Tops Q2 EPS by 12c, Offers Q3 Guidance

June 14, 2018 4:06 PM EDT

(Updated - June 14, 2018 4:08 PM EDT)

Adobe Systems (NASDAQ: ADBE) reported Q2 EPS of $1.66, $0.12 better than the analyst estimate of $1.54. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.16 billion.

Adobe sees Q3 EPS of 1.68 vs $1.61 consensus and revenue of... More