Adobe Misses Earnings Forcast Macworld 09
Adobe expects Q4 sales to come in between $912 million and $915 million, below its previous estimate of $925 million to $955 million, and below Wall Street’s consensus of $930 million. (Not terrible, actually.) The main reason: Weaker than expected demand for its Creative Suite 4 software, including Photoshop, etc. Adobe will lay off 600 workers worldwide. That will result in a pre-tax charge of $44 million to $50 million, about 60% of which will be written down in Q4....