Thursday, June 23, 2011

$ADBE Overreaction? Second Day Levels.


"Profit excluding certain costs in the second quarter, which ended June 3, rose to 55 cents a share, Adobe said in a statement yesterday. That compared with the 51-cent average analyst projection in a Bloomberg survey. Revenue increased 8.5 percent from a year earlier to $1.02 billion, topping analysts’estimates for $995.7 million.
In the current quarter, profit before some expenses will be 50 cents to 56 cents a share, Adobe said. That compares with a 54-cent average analyst prediction. Revenue will be $1 billion to $1.05 billion, the company said, while analysts had estimated $1.02 billion" BLOOMBERG

IMHO seems to me there was some overreaction

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