September 12, 2019 - 8:21 AM EDT
Recent Pullback In Adobe Has The Stock Approaching Support Ahead Of Earnings

Recent Pullback In Adobe Has The Stock Approaching Support Ahead Of Earnings

Software giant Adobe Systems (ADBE) is scheduled to report fiscal third-quarter results on Tuesday. The company is expected to report earnings of $1.97 per share on revenue of $2.82 billion. Those figures are significantly higher than the third quarter of 2018 when the company reported EPS of $1.73 on revenue of $2.29 billion. Extending those figures out we see that earnings are expected to increase by 13.9% and revenue is expected to increase by 23.1%.

With many tech firms reporting declines in earnings and revenue, these figures look particularly strong, but they show

Read more ...


Source: SeekingAlpha (September 12, 2019 - 8:21 AM EDT)