What Adobe Systems' Earnings Mean for Mutual Fund Investors (ADBE)

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What Adobe Systems' Earnings Mean for Mutual Fund Investors (ADBE)

Shauna O'Brien Dec 12, 2014



Inside ADBE’s Results


The company reported earnings of $73.3 million, or 14 cents per share, up from $65.3 million, or 13 cents per share, a year ago. Excluding special items, earnings were 36 cents – above analysts’ view of 30 cents.

Revenue
Revenue rose 3% to $1.07 billion from $1.04 billion. Analysts expected the company to report revenue of $1.06 billion.

Outlook
Looking ahead to Q1, the company expects to see earnings between 14 cents and 20 cents. Adjusted earnings are expected to be between 34 cents and 40 cents per share. Analysts expect to see earnings of 39 cents per share.

For FY2015, the company expects earnings of $1.20 and adjusted earnings of $2.05 per share. Analysts expect to see earnings of $2.07 per share.


Mutual Funds to Watch



The Bottom Line


Shares of ADBE are up 16% YTD.

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