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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 Scalper1 News
Scalper1 News