NEW YORK (TheStreet) -- Adobe Systems (ADBE) shares are down 4.6% to $67.44 on Wednesday after reporting weak fourth quarter guidance.
Adobe said that it expects to earn between 26 cents and 32 cents per diluted share on revenue between $1.03 billion and $1.08 billion during the current quarter, while analysts are expecting it to earn 31 cents per share on revenue of $1.09 billion.
The company reported third quarter earnings last night of 28 cents per share, 2 cents better than analysts were expecting, on revenue of $1.01 billion that was in line with analysts guidance.
TheStreet has full coverage of Adobe's third quarter earnings report here.
TheStreet Ratings team rates ADOBE SYSTEMS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ADOBE SYSTEMS INC (ADBE) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."