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New York, NY -- (SBWIRE) -- 03/20/2013 -- StockRunway.com issues special report on the Trending Stocks – Adobe Systems Incorporated (NASDAQ:ADBE), FactSet Research Systems Inc (NYSE:FDS)
The San Jose, California-based Adobe Systems Incorporated (NASDAQ:ADBE) reported on Tuesday after the markets closed that its profit in fiscal Q1 tumbled 65% from previous year, mainly hurt by lower revenue in addition to higher costs.
But, publishing and design software maker’s quarterly EPS without special items came in more than analysts' forecasts as did its quarterly revenue.
Has ADBE Found The Bottom and Ready To Move Up? Find Out Here
Adobe announced net income of $65.1 million or $0.13 a share for the first quarter finished March 1, 2013, evaluated against $185.2 million or $0.37 a share in the same period previous year.
Quarterly adjusted net income without special items was $177.9 million or $0.35 a share, evaluated against $284.5 million or $0.57 a share in the same quarter previous year.Thomson Reuters 24 analyst’ssurvey on average forecasted to earn $0.31 a share.
FactSet Research Systems Inc (NYSE:FDS) announced a 5% drop in fiscal Q2 net income on Tuesday mainly due to strong stock-option expenses.
The corporation surpasses profit forecasts on Wall Street, however revenue came up just shy and shares plunged 3% in early trading, regardless of a strong outlook.
The Norwalk, Connecticut based FactSet earned $44.5 million or $1 a share For the three months period finished February 28, low from $46.7 million or $1.02 a share in the similar period previous year.
What FDS’s Charts Are Signaling for Traders? Find Out Here
The company announced an adjusted quarterly profit of $1.14 a share, without $11 million in stock-option costs and $4.9 million in tax benefits. Quarterly revenue moved up 7% to $213.1 million from $199.4 million.
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