Adobe is also a lot more profitable than any analyst predicted, Dougherty & Co.’s Robert Mattson predicted 68 cents on 1.42 billion in revenues, ADBE did 71 cents on 1.4 billion. Revenue short fall was only 400k, hopefully they can fix this next quarter with a beat with extra marketing since profits are exploding.
this is new metrics investors should be focusing on, projections were for 275 million so beat by 10 million. Wish revenues were a little higher but there was a lot of great numbers reported tonight.
The GAAP or REAL earning were .48 !
the .71 is the ENGINEERED number so they can put out headlines saying
YES YES ADOBE BEAT EARNINGS !
yea right !
They don’t want you to know about LionStockAlerts because these guys are the real deal. They only alert solid momentum stocks, NO BS…
When ADBE reports it's quarterly earnings this afternoon, the stock price will move accordingly. Whether the stock goes down to $20 or not in the near future, that is irrelevant to discuss at this very moment, anyway. However much the stock moves up or down this week, it will solely depend on the earnings it reports, and the Brexit could be another element of surprise which would either push ADBE further up or drown it like Titanic!
At AvidConnect, we were also excited to showcase the first certified applications from our partners and a deep platform integration with Adobe’s Premiere Pro editing solution, validating our strategy and welcoming an outstanding partner to the platform.
OK it is time to gloat, this stock is a beast!