Adobe reports earnings Tuesday July 20th after the bell.
The Nasdaq has had 5 losing days in the past 6 trading days.
Adobe beats EPS by 5.3% on average.
The stock goes up 1.3% after earnings on average.
The EPS growth rate is 33%.
The revenue growth rate is 23%.
It’s had 14 straight beats for earnings.
Just like Electronic Arts and Activision are making more money from digital downloads, Adobe is making more profits from selling services on the cloud.
We are long Adobe January calls – the $140s and the $150s.
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