New Technology Reviews!.: earnings

Adobe announces record earnings forecasts

<img src="http://cdn.mos.techradar.com//classifications/computing/software/graphics-and-media/images/adobe-cs5-box-200-200.jpg"> Design and video software specialist Adobe has issued record earnings forecasts considerably above projections from Wall Street, causing shares in the company to surge this week. The Photoshop and Flash developer forecast this week that it will post a profit this current quarter of between 54 and 59 cents a share, beating Wall Street predictions of 51 cents a share. Adobe's projected revenue for the quarter is in excess of $1 billion, slightly ahead of the average forecast of $992 million from analysts. So much for a weak economy battling its way out of recession! Weakness in educational sector Three months ago, Adobe was concerned that it would not meet its forecasted earnings due to recessionary problems in western markets such as the US and Japan. "Overall, the economy has improved a lot since then," Global Equities Research analyst Trip Chowdhry told Reuters this week, following the latest financial news from Adobe. The only slightly bad news for Adobe was the fact that sales at its creative solutions business, which develops Creative Suite 5, declined to $542 million in the fourth quarter from $550 million in the last quarter. Adobe put this down to a slight downturn in the educational market in the US and a weak economy in Japan.

Adobe announces record earnings forecasts

Design and video software specialist Adobe has issued record earnings forecasts considerably above projections from Wall Street, causing sh...

RIM beats earnings estimates, falls just shy on subscriber growth; co-CEOs now co-chairmen, too

<DIV class=separator style="CLEAR: both; TEXT-ALIGN: center"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTDK5vtAZ93gdUfsQwNrpqurSaFbtXGuWYsg7WX6pdzLT0i6uv178pUifQyNlxJI6aexS9n_CIMd27pebDaQ2gFMujzT379LLUTWvYnEu1SJk2atMlNTuC6RDJippwPIfyoc-mBwyIorE/s1600/11-16-10-web202600060-1289937793.jpg" imageanchor="1" style="MARGIN-LEFT: 1em; MARGIN-RIGHT: 1em"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTDK5vtAZ93gdUfsQwNrpqurSaFbtXGuWYsg7WX6pdzLT0i6uv178pUifQyNlxJI6aexS9n_CIMd27pebDaQ2gFMujzT379LLUTWvYnEu1SJk2atMlNTuC6RDJippwPIfyoc-mBwyIorE/s320/11-16-10-web202600060-1289937793.jpg" width="320"></A></DIV>For now, RIM's looming mindshare problem is more theoretical than it is practical -- as far as Wall Street's concerned, at least -- on today's news that they've beaten the consensus estimates for fiscal Q3 revenue and income with $5.49 billion and $911.1 million, respectively. The company also shipped a record 14.2 million units in the three-month period, up a whopping 40 percent year-over-year, but subscriber additions fell a bit short -- 5.1 million versus the 5.2 million that analysts had counted on. Interestingly, RIM has elected not to report adds anymore, which means they're not offering guidance on adds for the next fiscal quarter, either -- which certainly doesn't seem like a good sign. Be that as it may, Waterloo's confidence in its long-running leaders seems stronger than ever before, because co-CEOs Jim Balsillie and Mike Lazaridis have just been made co-chairmen of the board... presumably just so they can crack jokes about running "dual-core" board meetings. Anyhow, they're looking at revenue for the next quarter of $5.5 to $5.7 billion and earnings per share of $1.74 to $1.80, both of which outstrip estimates, on device sales of 14 million. Any PlayBooks in that figure, do you suppose?

RIM beats earnings estimates, falls just shy on subscriber growth; co-CEOs now co-chairmen, too

For now, RIM's looming mindshare problem is more theoretical than it is practical -- as far as Wall Street's concerned, at least -- ...