UPDATE: BofA/Merrill Lynch Upgrades Adobe (ADBE) to Buy

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Go back to UPDATE: BofA/Merrill Lynch Upgrades Adobe (ADBE) to Buy

Adobe (ADBE) Provides Q3 Guidance

June 18, 2013 4:24 PM EDT

Adobe Systems Inc. (Nasdaq: ADBE) sees Q3 revenue of $975 million to $1.025 billion vs Street at $1.01 billion. Sees Q3 EPS of $0.29 to $0.35 vs Street at $0.35.

Adobe reaffirmed FY13 guidance. Co still sees FY13 Creative Cloud subs of 1.25 million.... More

Adobe Systems, Inc. (ADBE) Tops Q2 EPS by 2c; Issues Q3 Outlook

June 18, 2013 4:06 PM EDT

Adobe Systems, Inc. (Nasdaq: ADBE) reported Q2 EPS of $0.36, $0.02 better than the analyst estimate of $0.34. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $1.01 billion.

Adobe ended Q2 with 700 thousand paid Creative Cloud subscriptions, an increase of 221 thousand... More

Earnings Preview: Adobe (ADBE) Set to Report FQ2 After Close

June 18, 2013 1:55 PM EDT

Adobe Systems Inc. (Nasdaq: ADBE) is set to report FQ2 earnings after the bell on Tuesday. Investors will also likely focus on the pace of Creative Cloud adoption and pay close attention to management comments and guidance.

Consensus estimates call for adjusted EPS of $0.34 on revenue of $1.01 billion. This compares to Adobe Q2 guidance of$0.29-0.35 and revenue of $975-1,025 million. Looking forward, the Street sees EPS/revenue of $0.35/$1.01 billion in Q3 and $1.44/$4.11 billion in FY13.

Commenting, Goldman analyst Heather Bellini said, "We are forecasting 192k net... More