Shares of Adobe (ADBE) – Get Report were rising slightly Tuesday after the company announced first quarter results that topped estimates. were rising slightly Tuesday after the company announced first quarter results that topped estimates.
The San Jose, California company reported adjusted earnings of $3.14 per share on record quarterly revenue of $3.91 billion, representing a 26% year over year increase.
Adobe was expected to report earnings of $2.79 per share on revenue of $3.75 billion, according to analysts polled by FactSet.
“Adobe’s Creative Cloud, Document Cloud and Experience Cloud have become mission critical to all customer segments — from students to individuals to large enterprises — across the world,” said CEO Shantanu Narayen in a statement. Read more…..
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Peter Schiff is an economist known for his contrarian opinions. He’s an outspoken libertarian largely recognized as one of the few people who predicted the economic crash of 2008 on mainstream media networks.