Adobe Posts Its First Billion-Dollar Quarter

December 26, 2010, 10:36 AM

http://blogs.creativecow.net/blog/3978/adobe-posts...

"The software maker Adobe posted quarterly earnings on Monday that exceeded analyst expectations and provided a rosy outlook.The company’s shares rose as much as 5.7 percent, to $30.85, in extended trading, after closing at $29.19 in the regular session." To put this in perspective, "adjusted earnings were 56 cents a share in the latest quarter, surpassing the average forecast of 52 cents a share among analysts surveyed by Thomson Reuters. Revenue rose33 percent to $1.01 billion from $757...

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