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Thursday, September 14, 2006

Adobe Proves It Isn't Stucko

The company reported a net drop in income, but it was above street expectations.

ADBE posted $0.29 EPS vs. $0.26 consensus estimates on revenues of $602.2 million vs. $595 million estimates; It gave guidance for revenues of $655 to $685 million vs. $668.64M estimates. It forecasts Q4 EPS expectations $0.32 to $0.34 (consensus is $0.32) and guides operating margin of 37% to 38% outside of option expenses.

So far ADBE is trading up 8% at $36.35 on over 1.5 million shares of after-hours activity. It closed the day at $33.65. Its 52-week trading range is $25.98 to $40.85.
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