Adobe Systems, which has been undergoing a major transition to the cloud, reported second-quarter earnings after the market close Tuesday that beat estimates, but its outlook fell short. The publishing software developer’s earnings per share minus items jumped 30% to 48 cents, beating the consensus estimate by 3 cents among analysts polled by Thomson Reuters. Revenue climbed 8.8% to $1.16 billion, matching the analysts’ consensus
Adobe Systems (ADBE) reported second-quarter results after the market close Tuesday with revenue that met estimates and earnings that beat, but the outlook fell short. The publishing software developer’s revenue grew 8.8% to $1.16 billion, matching the consensus estimate of analysts. It reported earnings per share minus items of 48 cents, beating the consensus estimate by 3 cents among analysts polled by Thomson Reuters. That was up 30% and marked
Hospital stocks have been rising ahead of a Supreme Court ruling on ObamaCare subsidies. The 10-stock group has risen for nine of the past 10 weeks and is up more than 20% this year. The industry was ranked 10th out of 197 as of Tuesday’s IBD and has ranged between 2nd and 15th in the past six weeks. The Supreme Court could deal a blow to hospital stocks if it rules that ObamaCare subsidies to states that rely on the government’s health care