Last quarter Adobe Systems fell short of Wall Street estimates, and it is scheduled to report again on Tuesday.
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Analysts currently expect Adobe Systems to come in with earnings of 48 cents per share on revenues of $1.11 billion. Estimates from analysts range from 45 cents per share to 50 cents per share. The average estimate has shown no movement over the last three months.
Last Quarter's Results
In the first quarter, profit fell 21.1% to $185.2 million (37 cents a share) from $234.6 million (46 cents a share) the year earlier, missing analyst expectations. Revenue rose 1.7% to $1.05 billion from $1.03 billion.
Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
The stock fell $2.09 per share between April 2, 2012 and April 10, 2012. Looking at change over the last three months, March 16, 2012 and June 12, 2012, the stock price fell $2.05 (-6.1%), from $33.82 to $31.77.
Company Fundamental Trends
Reporting Period: 2Q
Date of Release: Tuesday, June 19, 2012
EPS: 48 cents
Revenue Estimate: $1.11 billion