Thursday, June 14, 2007

Adobe (ADBE)

They just posted Q2 earnings of 37c, beating the street by a penny. Revenue 15 mln above estimates at $745.6 mln. 3rd quarter outlook: EPS range of 39 to 41c vs estimates of 40c. Revenue btwn $760 mln to 800 mln vs estimates of $780 mln. Stock is lower by 1-1/2%. I have no position (have learned the hard way not to play earnings).

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