Software giants Oracle (ORCL) and Red Hat (RHT) are all set to report their quarterly results this week. Can they follow industry group peer Adobe (ADBE) with earnings beats of their own? Oracle reports after the close on Wednesday. Analysts expect earnings to fall 13% while revenue drops 6%. As financial results have been lackluster for the past year or so, Oracle’s stock has underperformed. Shares are trading 20% below their high reached on
Adobe Systems (ADBE) stock spiked to an all-time high Friday after the digital media software firm reported fiscal-fourth-quarter earnings per share above Wall Street’s target. The San Jose, Calif.-based company late Thursday said it earned 62 cents a share, excluding items, on sales of $1.31 billion for the quarter ended Nov. 27. EPS was 2 cents above the consensus estimate of analysts polled by Thomson Reuters. Sales were in line with views.
Digital media software firm Adobe Systems late Thursday beat Wall Street’s target for earnings per share by 2 cents and posted in-line revenue for its fiscal fourth quarter ended Nov. 27. But it gave current-quarter EPS guidance below views. Adobe (ADBE) earned 62 cents a share, excluding items, on sales of $1.31 billion in fiscal Q4. Analysts polled by Thomson Reuters expected the San Jose, Calif.-based company to earn 60 cents a