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Shares of tech giant Adobe Systems (ADBE) sold off in after-hours trading Tuesday following the company's second quarter earnings report, which showed record revenues for the company.Continue reading Adobe Trades Lower Despite Announcing Record Revenues
Tech giant Adobe Systems (ADBE) will report its second-quarter earnings Tuesday after the market closes. Analysts are expecting to see earnings of 42 cents per share.
Adobe Systems Inc. (NASDAQ: ADBE), provider of Acrobat Reader, Photoshop, and other desktop publishing software, is scheduled to discuss its second-quarter 2009 results today in a conference call featuring CEO Shantanu Narayen and CFO Mark Garrett at 5:00 PM ET. You can catch the live webcast of the call on the company's website.
For the quarter in which the San Jose, Calif.-based software and services provider announced collaborations with Facebook, Texas Instruments, and Level 3 Communications, analysts polled by Thomson Reuters expect the cash-rich company to report earnings of $0.35 per share, down 30.0% from the same period of the previous year. Revenue for the quarter ended May 29 is expected to have fallen 21.6% to $695.1 million. These numbers are in line with Adobe's previous forecast. Adobe's earnings have beaten analysts' estimates in the past five quarters by a penny or three per share.
Continue reading Adobe's Q2 profit expected to fall on weaker sales
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