While hundreds of native American workers were laid off by Adobe, Adobe was busy hiring hundreds of cheap foreign indian workers . Adobe is one of the biggest culprits in the destruction of white collar jobs in USA. Hardly surprising given the CEO is a fellow Indian.
This is the most egregious H-1B visa application that I have found so far. This application has been certified for FIFTY "INFORMATION TECHNOLOGY SPECIALISTs" working for Adobe Systems in Lehi Utah for a wage of $23,462 per year, less than $12/hour
**ALERT** So ADBE actually MISSED earning and then **ADJUSTED** the number up to Handily BEAT estimates ! Why not make it 3.00 per share or 5.00 ? So the headlines say ADOBE CRUSHED earnings ! What a joke Red Robin Grill posted a loss then adjusted earnings up to beat estimates ! This is CALLED NON-GAAP accounting and is why the stock is only up 5 dollars ah not 20... So it was nice they beat on revenues but the pe ratio of this stock is extremely high so be careful about buying into the hype it may just sit there and pull back tomorrow depending on forward. guidance.. he San Jose, California-based company said it had profit of ***75** cents per share. Earnings, adjusted for one-time gains and costs, were $1.02 per share. The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
Purchased 1500 shares @ 140.95 just before close! Oh yeah baby 🤑🤑🤑
ADOBE!! MY SAVIOR IN THESE DANK DAYS!!
no chatter for a week? EARNINGS TODAY PEOPLE
Long here! Hoping for earnings beat and growth on the cloud part improvement in core business/products and good guidance.
Unless I'm mistaken, today's close was the highest close in 10 years.
$141.69 in AH :)
Where is earnings release?
Booyah! I see Upgrades coming and new PT say around... $200.
4 upgrades today and no movement.
Top takeaways; Creative Cloud, rose 29 percent to $1.21 billion. Subscription revenue rose nearly 37 percent to $1.48 billion in the three months. Revenue jumped 26.7 percent to $1.77 billion.