Adobe Ahead of Earnings

Published on Wednesday, 14 December 2011 10:56 Written by Christian Paolinetti

New York, December 14th (TradersHuddle.com) - Shares of Adobe Systems Incorporated (NASDAQ:ADBE) are trading lower by -0.96% ahead of its quarterly earnings release. Adobe, the document and media software publisher is expected to release its quarterly results on December 15^th.

Wall Street Analysts consensus calls for a profit of $0.6 a share on $1.09 billion revenue.

Adobe estimates have a range of $0.06 a share. The high estimate calls for profit of $0.62 a share and the low estimate is calling for a profit of $0.56 a share, a year ago for the quarter the company reported $0.56 a share.

Adobe Systems Incorporated (NASDAQ:ADBE) develops, markets, and supports computer software products and technologies. The Company's products allow users to present and use information across all print and electronic media. Adobe offers a line of application software products, type products, and content for creating, distributing, and managing information. The company popular Acrobat Reader allows companies and consumers to exchange a wide variety of electronic information and documents.

Other companies on the watch on this earnings event are Microsoft Corporation NASDAQ:MSFT and Apple, Inc. NASDAQ:AAPL.