Fox Business - The Power to Prosper
Search Site

Shantanu Narayen

Adobe Shares Rally Despite 3Q Miss

Adobe (NASDAQ:ADBE) disclosed weaker-than-expected third-quarter profits and revenue on Tuesday, but the tech company's shares rallied around upbeat subscriber growth numbers.The customer numbers, which revealed more than 1 million cloud subscribers, have grown in importance as Adobe shifts to a subscription-based business model.  Shares of Adobe soared more than 5% in extended trading Tuesday afternoon, putting them on track to extend their impressive 12-month surge of 44%.The company said it earned $83 million, or 16 cents a share, last quarter, compared with a profit of $201.36 million, or 40 cents a share, a year earlier.Excluding one-time items, Adobe earned 32 cents a share, trailing the Street's view by two pennies.Revenue dipped 7.9% to $995.12 million, compared with consensus calls from analysts for $1.01 billion.Yet Wall Street zeroed in on Adobe saying stronger-than-expected enterprise adoption boosted Creative Cloud subscriptions by 331,000 quarter-over-quarter to 1.031 mil...

Read More

  1. Adobe Tops 4Q Expectations

    Adobe (NASDAQ:ADBE) reported stronger-than-expected fourth-quarter profit and sales late Thursday as its new cloud service and subscription model continued to gain t...

  2. Adobe Shares Fall After Hours on Disappointing 4Q Outlook

    Shares of Adobe (NASDAQ:ADBE) fell nearly 7% in extended trading Wednesday after the company revealed a fourth-quarter outlook that fell sharply below Wall Street's ...

  3. Adobe Posts 2Q Beat, Narrows Full-Year View

    Adobe Systems Inc. (NASDAQ:ADBE) unveiled second-quarter results Tuesday that beat expectations, but the software company updated its full-year forecast, lowering th...

  4. Adobe 1Q Sales Miss Street, Shares Slide

    Adobe Inc. (NASDAQ:ADBE) weighed in Monday with revenue that just missed expectations, as sales slowed in expectation of a new, updated release of the company's Crea...

  5. Adobe Beats 4Q Estimates

    Adobe CEO and President Shantanu Narayen on how the company managed to report better-than-expected earnings for the fourth-quarter, and what's ahead for the company.

  6. Adobe CEO: We Are Innovating

    Adobe CEO Shantanu Narayen reacts to Steve Jobs' death and how the company is using the new generation of tablets to innovate.

  7. Adobe 3Q Net Tops Street View, Sees Strong 4Q

    Adobe (NASDAQ:ADBE) posted quarterly profits that beat Wall Street's expectations after the closing bell on Tuesday, and said it expects to have a stronger fourth qu...

  8. Adobe 2Q Profit Beats Wall Street View

    Adobe Systems Inc. (NASDAQ:ADBE) posted fiscal second-quarter profit that topped analyst expectations and the company gave guidance that was in-line with the Street’...

  9. Adobe CEO on Creative Suite 5 and Apple

    Adobe CEO Shantanu Narayen talks about his new product, and what he thinks about Apple's exclusion of the Adobe Flash Player

  10. Adobe CEO on Partnership with Microsoft

    Adobe CEO Shantanu Narayen argues consumers are suffering from Apple's ban on Flash.

  11. Adobe CEO Covers the Bases

    From product development to piracy to hiring, Liz Claman gets all the answers from Adobe’s CEO Shantanu Narayen in a web exclusive interview

  12. Adobe Posts Narrow 1Q Beat; 2Q Forecast Misses Mark

    Adobe Systems Inc. (NASDAQ:ADBE) weighed in Tuesday with better-than-expected first quarter-results, but gave mixed second-quarter guidance.The Silicon Valley softwa...

  1. Adobe System’s Shift to the Cloud

    Adobe Systems CEO Shantanu Narayen on the company’s shift to the cloud and how it remains competitive.

  2. Adobe Systems to Focus on Web Software

    Adobe Systems Inc. (ADBE) is pulling back from the packaged-software business and doubling down on delivering its popular design tools through an online service.The ...

  3. Adobe 1Q Profit Down 65%

    Adobe Systems Inc.'s (ADBE) fiscal first-quarter earnings fell 65% on higher expenses due in part because subscriptions for its digital creative and marketing servic...

  4. Adobe First-Quarter Profit Down 65% as Expenses Rise, Subscription Revenue Up

    Adobe Systems Inc.'s (ADBE) fiscal first-quarter earnings fell 65% on higher expenses due in part because subscriptions for its digital creative and marketing servic...

  5. Adobe 1st-Quarter Profit Down 65% as Expenses Rise, Subscription Revenue Up

    More trial users than expected converting to paid subscribers - Recurring revenue climbs to 31% of total in quarter - Combination of creating and marketing tools att...

  6. Adobe 1st-Quarter Profit Down 65% as Expenses Rise, Subscription Revenue up

    Adobe Systems Inc.'s (ADBE) fiscal first-quarter earnings fell 65% as the software company's operating expenses jumped and margins weakened, though subscriptions for...

  7. Adobe's 1Q Profit Falls 65%, But Trumps Wall Street

    Led by further bookings in its Creative Cloud that boosted sales, Adobe (NASDAQ:ADBE) reported stronger-than-expected first-quarter earnings late Tuesday, sending it...

‹ Prev12Next ›
Freebase CC-BY
Source: Shantanu Narayen on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL