Adobe Systems (ADBE) unexpectedly returned to profit growth in its fiscal Q2 as the software maker’s subscription-based business continued to boom, sending shares sharply higher after the close. Adobe earned 37 cents a share excluding various items. That was 3% higher than a year earlier and the first such increase in seven quarters. Wall Street had expected another decline, to 30 cents. Revenue rose 6% to $1.068 billion, also above views and
Creative and marketing software maker Adobe Systems saw its stock surge to record levels ahead of its fiscal first-quarter results in March. But even after topping Wall Street’s Q1 targets, Adobe shares swooned to their lowest levels of the year. Now, the stock is on the upswing ahead of Q2 earnings due after the market close Tuesday. Adobe Systems (ADBE) stock was up a fraction, near 67, in afternoon trading on the stock market today. Adobe stock
Social network Facebook’s (FB) Q1 EPS is expected to double on a 62% hike in revenue as the company’s ad clicks grow. Clicks on paid Facebook ads are “on the rise, with clicks continuing to outpace impressions,” according to research released late Monday by Adobe Systems (ADBE), which collects data from the customers of its Internet marketing service. Clicks on Facebook ads in Q1 climbed 70% from the year-earlier period, while total ad impressions