Adobe Sales, EPS Growth Accelerate; Guidance Cautious

By | September 17, 2015

Scalper1 News

Adobe Systems (ADBE) saw its sales and earnings growth accelerate in the third quarter as its business transition to the Internet cloud took hold. The company late Thursday said it earned 54 cents a share excluding items in its fiscal third quarter of 2015, beating Wall Street’s target by 4 cents. Sales also beat views at $1.22 billion, vs. the $1.21 billion expected by analysts polled by Thomson Reuters. Adjusted earnings per share rose 93% year Scalper1 News

Scalper1 News