Adobe Systems (ADBE) 44.40 +2.43 (+5.8%)
After issuing in line guidance June 17, software company raises its Q3 (June) outlook to $0.36-0.41 in EPS (consensus of $0.34) and $380-400 mln in revenues (consensus of $372.3 mln); Management cites stronger than expected sales of its Photoshop, Creative Suite and Acrobat products; Briefing.com profiled a call from Piper Jaffray last Thursday (on In Play) that said ADBE should maintain or slightly raise guidance on its mid-quarter call based on the firm's channel checks; Stock is down 11% since July
BEA Systems (BEAS) 7.00 +0.59 (+9.2%)
Application infrastructure software maker issues mixed guidance for Q2 (June) - says EPS and sales should come in at $0.07-0.08 and $260-263 mln, respectively, as compared to the Reuters Estimates consensus of $0.08 and $267.1 mln; The Street was primed for worse, however - BEAS was downgraded by 3 firms last week, most citing risk to the company's quarter; Management said it was seeing 'continued strength in its services revenue'
Priceline.com (PCLN) 20.63 -3.10 (-13.1%)
After raising its targets for Q2 (June) on June 21, online travel service comes in a penny ahead - at $0.32 - on revenues that rose 8% to $259.4 mln; However, the company's guidance for Q3 (Sept) - at $0.25-0.30 - was weaker than the market expected; Management blamed higher expenses related to the acquisition of hotel seller Travelweb; On its call, priceline said that its airline business remains challenging and that it has begun offering deeper discounts on its packaged travel products
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