Adobe Systems Incorporated (NASDAQ:ADBE) will announce results this week with analysts looking at a drop in profit and sales, but expecting more indications that the software-maker’s shift to the cloud is paying off.
Adobe Systems Incorporated will announce fourth-quarter results following Thursday’s closing bell.
Analysts surveyed by FactSet on average are anticipating a profit of 56 cents per share, on sales of $1.1 billion. For the year-ago period, the firm posted a profit of 67 cents a share, on sales of $1.15 billion. [article_detail_ad_1]
Metlife Inc (NYSE:MET) expected results for the existing year above its prior view, mentioning solid investment spreads and favorable insurance margins, even though the firm gave a feeble outlook for 2013.
MetLife predicts operating earnings for the existing year between $5.15 and $5.25 per share, higher 19% from the year earlier. The firm formerly had stated it anticipated earnings for the year between $4.80 and $5.20 per share.
For the existing quarter, the firm anticipates per-share operating earnings between $1.12 and $1.22. Analysts surveyed by Thomson Reuters freshly anticipated per-share earnings of $1.22.
Ciena Corporation (NASDAQ:CIEN) shares increased 5% Thursday, to $16.28, after the optical-networking firm’s fiscal fourth-quarter results. Ahead of the market opened, Ciena posted a loss of $38.8 million, or 39 cents per share, on $465.5 million in revenue, as compared to a loss of $22.3 million, or 23 cents per share, on sales of $455.5 million in the similar period a year earlier.
Exclusive of one-time objects, Ciena would have lost 7 cents per share. Wall Street analysts had predicted Ciena to lose 6 cents per share on $468.3 million in sales. For its fiscal first quarter, Ciena predicts sales will be between $435 million and $460 million, whereas analysts had predicted sales of approximately $459 million.