Adobe Drops 6%: Bulls Like the Long Term, Bears Question ‘Model Transition’

Tech Trader Daily
By Tiernan RayOct 7, 2015, 3:16 pm75 pts
Shares of design software maker Adobe Systems (ADBE) are down $4.89, or almost 6%, at $80.27, after the company yesterday gave an update to the Street on its outlook, after market close, projecting total revenue and earnings for the fiscal year ending in November of 2016 below consensus The remarks were made…

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