Bank Of America Coments On Adobe F2Q Results

According to Bank of America, Adobe (NASDAQ: ADBE) reported F2Q results beating estimates and consensus, while the upside was in-line with our preview.

Bank of America said that total rev was $1.023bn vs our est of $992mn and cons of $994mn, and pro forma EPS was $0.55 vs our est of $0.50 and cons of $0.51. “We see the after market sell-off (due to modest 3Q guide relative to consensus and macro concerns) as a buying opportunity.”

Adobe closed yesterday at $32.01.