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Thursday, Dec 13
2012, 4:57 PM
Adobe (ADBE) +5.2% AH after resuming trading following its FQ4 beat. Deferred revenue rose by...
Adobe (ADBE) +5.2% AH after resuming trading following its FQ4 beat. Deferred revenue rose by $59.3M Q/Q to $619.6M, reversing an FQ3 decline. Creative Cloud subs were added at a rate of 10K/week (up from FQ3's 8K/week), as implied by recent figures. Thanks to a shift to subscription sales, FQ1 guidance (in prepared remarks) is for revenue of $950M-$1B and EPS of $0.26-$0.32, below a consensus of $1.07B and $0.56. And FY13 guidance is for revenue of $4.1B and EPS of $1.40, below a consensus of $4.35B and $2.31. CC at 5PM ET (webcast). (datasheet) (PR)