Adobe: stock down despite raising targets
(CercleFinance.com) - The Adobe stock is down 2%, despite the group increasing its targets for FY 2020-21, with the software publisher now expecting adjusted EPS of around 11.
85 dollars and sales of about 15.45 billion dollars.
Over the first three months of the year, it posted adjusted EPS that is up 38% to 3.14 dollars, significantly above the consensus, for revenue that is up 26% to a record level of 3.91 billion dollars.
Adobe has also announced that its Chief Financial Officer (CFO), John Murphy, intends to step down this year. He will remain in office until he finds a successor to ensure an orderly transition.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
85 dollars and sales of about 15.45 billion dollars.
Over the first three months of the year, it posted adjusted EPS that is up 38% to 3.14 dollars, significantly above the consensus, for revenue that is up 26% to a record level of 3.91 billion dollars.
Adobe has also announced that its Chief Financial Officer (CFO), John Murphy, intends to step down this year. He will remain in office until he finds a successor to ensure an orderly transition.
Copyright (c) 2021 CercleFinance.com. All rights reserved.