Tag Archives: adbe

Adobe Stock Down On Mixed Q3 Report, Weak Q4 Guidance

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.

Tech blogger shows off iPhone 6, and it’s delicious

Apple’s (AAPL) fall product lineup has many people excited, including comedians who get a lot of mileage from jokes at the expense of the consumer electronics giant. Apple has scheduled a Sept. 9 media event presumably to show the world its big-screen iPhone 6 and perhaps a wearable device. The Cupertino, Calif.-based company also has new tablets coming, including a possible jumbo-sized iPad. Once Apple finally releases the iPhone 6, we’re sure to see a lot of tech websites posting unboxing videos and tests of the device. The Chicago improv group Second City Network got a jump on the competition this week with its in-depth examination of the iPhone 6, which looks suspiciously like a hot dog. Late-night comedians Conan O’Brien and Jimmy Kimmel also dinged Apple in their monologues recently. Other tech-related jokes by O’Brien, Kimmel and Jimmy Fallon were aimed at Adobe Systems (ADBE), Amazon.com (AMZN), Google (GOOGL)…

Adobe Returns To Growth, Updates Creative Cloud

Adobe Systems saw its cloud strategy begin to pay off last quarter. The maker of creative and marketing software late Tuesday reported better-than-expected results for its fiscal Q2 ended May 30. San Jose, Calif.-based Adobe Systems (ADBE) earned 37 cents a share, up 3% from the year-earlier quarter. Wall Street had forecast EPS of 30 cents. Adobe sales rose 6% to $1.068 billion. Analysts polled by Thomson Reuters were targeting $1.028 billion.