S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Apps & Software

Adobe Reports Inline, but Forecast Is Weak

Photo of Paul Ausick
By Paul Ausick Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
Adobe Systems Inc. (NASDAQ: ADBE) reported fiscal 2012 third quarter earnings after markets closed today. The software company reported adjusted earnings per share (EPS) of $0.58 on revenue of $1.08 billion. In the same period a year ago, the company reported adjusted EPS of $0.55 on revenue of $1.01 billion. Second-quarter results compare to the Thomson Reuters consensus estimates for EPS of $0.58 and $1.1 billion in revenue.

Adobe guided fourth fiscal quarter revenue at $1.075 billion to $1.125 billion and adjusted EPS at $0.53 to $0.58. The company’s guidance assumes the addition of 125,000 new subscribers to its Creative Cloud service.

The company’s guidance fell well short of the consensus estimates. Thomson Reuters had a consensus estimate for EPS of $0.67 on revenue of $1.21 billion.

The company’s president/CEO said:

Customers globally are adopting our new Creative Cloud subscription offering more quickly than we projected. We are the leader in the fast-growing Digital Marketing category with 40 percent year-over-year Digital Marketing Suite revenue growth this quarter.

The company said that currency translation effects cost it about $9 million in revenue for the quarter.

The company’s shares fell about 3% following the earnings release, but have gained all of that back in the last few minutes. Shares are down less than 0.1% in after-hours trading, at $33.30 in a 52-week range of $22.89 to $34.78.

Paul Ausick

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Paul Ausick |

Adobe Systems: Predictably Predictable

ThinkstockAdobe Systems Inc. (NASDAQ: ADBE) reported fiscal third quarter 2013 results after markets closed today. The software company reported adjusted…

Paul Ausick |

Adobe Stuck in a Rut

ThinkstockAdobe Systems Inc. (NASDAQ: ADBE) reported fiscal second quarter 2013 results after markets closed today. The software company reported adjusted…

Paul Ausick |

Did Investors Want More From Adobe?

Adobe Systems reported better-than-expected fiscal second-quarter earnings after markets closed Tuesday.

How Analysts Are Chasing Adobe Targets Much Higher
Chris Lange |

How Analysts Are Chasing Adobe Targets Much Higher

After Adobe Systems reported fiscal third-quarter 2016 results on Tuesday, shares hit all-time highs and investors were especially pleased.

Paul Ausick |

Did Weak Subscriber Growth Sink Adobe Stock After Earnings?

Adobe Systems reported better-than-expected first-quarter fiscal 2015 results after markets closed Tuesday.

Adobe Posts Strong Earnings on Record Subscription Revenue
Paul Ausick |

Adobe Posts Strong Earnings on Record Subscription Revenue

Adobe posted record quarterly revenues and beat EPS expectations for its second fiscal quarter when it reported earnings after markets…

How Analysts View Adobe After Earnings
Chris Lange |

How Analysts View Adobe After Earnings

Overall Adobe's quarterly results were positive, beating the street forecasts, but investors did not initially respond positively.

Adobe Fails to Impress Investors Despite Solid Earnings and Guidance
Chris Lange |

Adobe Fails to Impress Investors Despite Solid Earnings and Guidance

Adobe Systems Inc. (NASDAQ: ADBE) released fiscal second-quarter financial results after the markets closed on Tuesday. The company had $0.71…

What Analysts Are Saying About Adobe After Earnings
Chris Lange |

What Analysts Are Saying About Adobe After Earnings

Adobe Systems Inc. (NASDAQ: ADBE) released fiscal second-quarter financial results after the markets closed on Tuesday. As a result analysts…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820