Adobe 8 cent miss

Discussion in 'Stocks' started by Rickshaw Man, Sep 15, 2009.

  1. Adobe Reports Third Quarter Results
    Tuesday, September 15, 2009 3:06:00 PM (GMT-05:00)
    Provided by: Business Wire
    http://www.businesswire.com/news/home/20090915006575/en

    SAN JOSE, Calif.--(Business Wire)--
    Adobe Systems Incorporated (Nasdaq:ADBE) today announced financial results for
    its third quarter ended Aug. 28, 2009.

    In the third quarter of fiscal 2009, Adobe achieved revenue of $697.5 million,
    compared to $887.3 million reported for the third quarter of fiscal 2008 and
    $704.7 million reported in the second quarter of fiscal 2009.

    "We are pleased with the solid revenue and earnings results we were able to
    deliver in Q3," said Shantanu Narayen, president and CEO of Adobe. "Our focus
    remains on driving growth in our core businesses, as well as investing in
    promising new opportunities."

    Third Quarter Fiscal 2009 GAAP Results

    Adobe`s GAAP diluted earnings per share for the third quarter of fiscal 2009
    were $0.26, based on 531.8 million weighted average shares. This compares with
    GAAP diluted earnings per share of $0.35 reported in the third quarter of fiscal
    2008 based on 541.3 million weighted average shares, and GAAP diluted earnings
    per share of $0.24 reported in the second quarter of fiscal 2009 based on 528.0
    million weighted average shares.