Adobe Systems Incorporated (ADBE) Releases Earnings Results, Beats Expectations By $0.03 EPS

Adobe Systems Incorporated (ADBE) announced its most recent quarterly financial results on Tuesday, Sep-20-2016. ADBE said it had a profit of $0.75 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.72. The company posted revenue of $1464.00 million in the period, compared to analysts expectations of $1449.20 million. ADBE’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Adobe Systems Incorporated. Piper Jaffray Initiated Adobe Systems Incorporated on Jul 26, 2016 to “Overweight”, Price Target of the shares are set at $125.

Adobe Systems Incorporated closed down -0.69 points or -0.69% at $98.93 with 3,700,615 shares getting traded on Friday. Post opening the session at $99.26, the shares hit an intraday low of $98.32 and an intraday high of $99.67 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 6, 2016, Mark Garrett (EVP, CFO & Asst. Secretary) sold 26,899 shares at $103.47 per share price. According to the SEC, on Aug 29, 2016, Michael A Dillon (EVP, Gen. Counsel & Secretary) sold 5,450 shares at $101.85 per share price. On Aug 29, 2016, Ann Lewnes (EVP, Chief Marketing Officer) sold 131 shares at $101.68 per share price, according to the Form-4 filing with the securities and exchange commission.

Adobe Systems Incorporated (Adobe) is a software company. The Company offers products and services for professionals marketers application developers enterprises and consumers for creating managing delivering optimizing and engaging with content. Adobe markets and licenses its products and services through app stores and its Website The Company’s operates in three segments: Digital Marketing Digital Media and Print and Publishing. In Digital Media the Company is engaged in providing tools services and solutions that enable to create publish and promote their content. In Digital Marketing the Company is engaged in providing solutions and services for creating managing executing measuring and optimizing digital advertising and marketing campaigns. Adobe’s Print and Publishing segment addresses various market opportunities including eLearning solutions technical document publishing Web application development and high-end printing.

Adobe Systems Incorporated

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