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Stock impact report

Adobe Produces Another Record Quarter [The Motley Fool]

Adobe Inc. (ADBE) 
Last adobe inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: adobe.com/investor-relations.html
Company Research Source: The Motley Fool
The cloud software provider beat its own targets and analysts' estimates -- again. Adobe 's ( NASDAQ:ADBE ) decision several years ago to move to a software-as-a-service (SaaS) model has served the company -- and investors -- well, as the transition to cloud computing continues en masse. The company, which is best known for its suite of creative software and its ubiquitous portable document format (PDF), has also made a habit of exceeding its own guidance as well as investor expectations, and this quarter was no different. For the just-completed third quarter, Adobe reported record revenue of $2.29 billion, up 24% year over year, exceeding its forecast of $2.24 billion and analysts' consensus estimates of $2.25 billion. The company delivered GAAP earnings per share of $1.34 and adjusted earnings per share of $1.73. This easily surpassed Adobe's forecast for GAAP earnings per share of $1.27 and adjusted profits of $1.68 per share, while also exceeding Wall Street's Show less Read more
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