ADBE down 15% AH on lowered revenue forecast

Discussion in 'Stocks' started by S2007S, Sep 21, 2010.

  1. S2007S


    Thats a pretty significant drop.

    Adobe forecast current-quarter revenue in its creative solutions business, which includes its flagship software package Creative Suite 5, to be flat to down slightly from the previous quarter.

    CS5 is a collection of more than a dozen programs for editing photos, videos and sound, creating interactive websites and designing print publications. The package, which was released last spring, includes Photoshop, Illustrator and Dreamweaver.

    Adobe Systems Incorporated
    (NasdaqGS: ADBE)

    After Hours: 27.90 Down 5.04 (15.30%) 7:13PM EDT
    Last Trade: 32.94
    Trade Time: 4:00PM EDT
    Change: Down 0.17 (0.51%)
    Prev Close: 33.11
    Open: 33.67
    Bid: 27.90 x 600
    Ask: 27.93 x 100
    1y Target Est: 40.38
    Day's Range: 32.84 - 33.68
    52wk Range: 26.01 - 38.20
    Volume: 25,147,090
    Avg Vol (3m): 8,965,320
    Market Cap: 17.30B
    P/E (ttm): 46.26
    EPS (ttm): 0.71
    Div & Yield: N/A (N/A)