Adobe Beats Q1 Targets, But Expects…
Adobe Inc. ADBE, the marketing software and digital media maker from San Jose, California, announced its first fiscal quarter results late Thursday. The company managed to beat Wall Street’s targets, which is good news for the investors.
On the other hand, the outlook does not look as bright. Even with the results above the expectations, the ADBE stock continued to drop in the extended trading, due to global situation and trends….
Suggestions by the expert analysts are to focus on the companies with strong investment plans. This situation may lead to some strategic and financial driven M&As, which will be perfect for companies with strong balance sheets like Adobe…
Source: BENZINGA.com
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