Scalper1 News
Adobe Systems (ADBE) stock sank Wednesday after the digital media software company forecast fiscal 2016 sales and profit below estimates. Late Tuesday at its annual analyst meeting, Adobe said it expects fiscal 2016 revenue of about $5.7 billion, well below the average estimate of $5.93 billion among analysts polled by Thomson Reuters. Adobe also forecast an adjusted profit of $2.70 per share, vs. Wall Street’s target of $3.19. Adobe’s fiscal 2016 Scalper1 News
Scalper1 News