Adobe (ADBE +4.2%) finishes the day higher after delivering an FQ3 report that featured soft...
Thursday, September 20, 2012, 4:04 PM ETAdobe (ADBE +4.2%) finishes the day higher after delivering an FQ3 report that featured soft guidance but encouraging Creative Cloud data. RBC helped matters by upgrading Adobe to Outperform, albeit while admitting FY13 EPS will suffer from the migration to subscriptions from up-front license fees. During its earnings call, Adobe noted it has 300K free users of Creative Cloud to go with 200K paid subs, and said it's prepping versions aimed at teams and large enterprises.
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