Adobe Forecast Tops Expectations
Adobe Forecast Tops Expectations
Adobe Systems Inc. released its fiscal first-quarter forecast on Tuesday, predicting profits for the period ending in February at 54 to 59 cents per share, topping analysts' expectations of 51 cents per share. The world's top maker of graphic-design related software, Adobe said sales of its Creative Suite 5, released in April, have increased late in the year after getting off to a slow start.
The company had previously cited lackluster demand at the beginning of the school year in September for a forecast that failed to meet analysts' expectations. Shares of Adobe stock climbed $1.46 per share, or 5 percent, to $30.64 in early trading on the Nasdaq composite index. The firm's target for first-quarter revenue was reported at $1 billion to $1.05 billion, surpassing economists' forecast of $991.9 million.
Adobe Systems Inc. released its fiscal first-quarter forecast on Tuesday, predicting profits for the period ending in February at 54 to 59 cents per share, topping analysts' expectations of 51 cents per share. The world's top maker of graphic-design related software, Adobe said sales of its Creative Suite 5, released in April, have increased late in the year after getting off to a slow start.
The company had previously cited lackluster demand at the beginning of the school year in September for a forecast that failed to meet analysts' expectations. Shares of Adobe stock climbed $1.46 per share, or 5 percent, to $30.64 in early trading on the Nasdaq composite index. The firm's target for first-quarter revenue was reported at $1 billion to $1.05 billion, surpassing economists' forecast of $991.9 million.
Comments
Top Stories
Latest DT's
-
1 month ago by Geno -
1 month ago by dallaseste
-
1 month ago by Geno
-
1 month ago by Geno
-
1 month ago by Geno
-
1 month ago by Geno
-
1 month ago by Geno
-
1 month ago by Geno
-
2 months ago by dallaseste
Top Authors
Subscribe
Games
Alias
3 Foot Ninja 2
ALIAS 2
Air Dodge
Battle Tanks
Bomber Bob
Cable Capers
Gem Mania
Hacker
Hostile Skies
Mission Mars
Bowling
Samurai Warrior
The Pharoh's Tomb
Monkey Lander
Muay Thai
Action
Donkey Kong Banana Barrage
501 Dart Challenge
Rooftop Skater
Zelda
Donkey Kong
Xtreme Pinball
Tetris
Connect 4
Battleships
Frogger
Penguin Push
Online Video Poker
Spank The Monkey
Mob Pay Back
Dealer
Yeti Sports Seal Bounce
Hold Your Drink Steady
Solitaire
Canyon Glider
3D Sudoku
Metal Slug Rampage
Street Fighter II
Flashman
Disc Golf
Table Tennis
Ninja Air Combat
Celebrity Hitman Terrorist Alert
Spider Solitaire
Tubin
Presidential Knockout
Global Player
Ma Balls
Baseball
Beckham Fit
0 Comments
Click here to sign up now.