Adobe Stock Down On Mixed Q3 Report, Weak Q4 Guidance

By | September 16, 2014

Scalper1 News

Adobe Systems delivered mixed fiscal third-quarter results late Tuesday, with earnings per share beating expectations but sales just below Wall Street’s target. Fourth-quarter guidance also missed. Adobe Systems (ADBE) stock was down nearly 5% in trading after hours and after the company released results. Shares rose a fraction in Tuesday’s regular session, to 70.73. On Sept. 8, Adobe came within pennies of an all-time closing high, at 73.39. Scalper1 News

Scalper1 News