NEW YORK, NY / ACCESSWIRE / October 20, 2017 / Adobe's shares skyrocketed on Thursday after the company had some encouraging things to say this week at its analyst's day that included a higher than expected full-year earnings per share outlook. Shares of eBay weren't as lucky after the e-commerce company released a soft outlook looking ahead.

RDI Initiates Coverage on:

Adobe Systems Incorporated
http://www.rdinvesting.com/report/?ticker=ADBE

eBay Inc.
http://www.rdinvesting.com/report/?ticker=EBAY

Adobe Systems Incorporated's shares were on fire in Thursday trading, closing the day up a little over 12%. The stock even hit an all-time new high of $172.15 during intra-day trading on volume roughly six times higher than usual. It was new products that had traders celebrating and scooping up shares. The San Jose-based company just had its analyst day in Las Vegas this week and gave some favorable guidance for next year that includes earnings per share outlook of $5.50 for the fiscal year. Analysts had been waiting for $5.21 per share. The company also unveiled a new generation of its Creative Cloud on Thursday. The new generation of Creative Cloud targets creative professionals with 2D animation features and 3D rendering apps and a cloud-based photography service. Chief Technology Officer Abhay Parasnis commented, via TechCrunch, "We have a very deep understanding of how creative professionals work in imagining, in photography, in video, in design and illustration. We have taken decades worth of learning of those very specific domains."

Access RDI's Adobe Systems Incorporated Research Report at:
http://www.rdinvesting.com/report/?ticker=ADBE

eBay Inc.'s shares closed in the red in Thursday trading, with a loss of 1.79%. Volume at a little over 28 million shares was more than three times higher than the stock's average. The e-commerce giant released a dismal outlook for its financial fourth quarter report that did not impress the Street. Shares fell as much as 6% during trading yesterday after the company said it expects revenue for the period between $2.58 billion and $2.62 billion. Analysts had been expecting revenue of $2.6 billion. The company has forecast adjusted EPS in the range of 57 to 59 cents which is in line with the 59 cents that FactSet is calling for. Full year revenue is also in line at $9.53 billion to $9.57 billion with analysts expecting $9.54 billion. EPS for the full year is expected to be $1.85 to $1.90 with adjusted EPS of $1.99 to $2.01. Wall Street is waiting for adjusted EPS of $2.01. Despite the rather soft outlook, analysts at Benchmark are still optimistic and wrote, "We believe eBay's focus on high-inventory resellers, a shift away from out of season product sales and renewed focus on user interaction through improved search and category-specific redesigns should lead to long-term revenue growth. We suspect our estimate for 65% year-over-year growth in revenue in 2018 could prove conservative but acknowledge the recovery will take time, especially in the face of continued FX headwinds and a carefully planned overhaul of the site to support structured data." The firm has a $45 price target on the stock with a "buy" rating.

Access RDI's eBay Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=EBAY

Our Actionable Research on Adobe Systems Incorporated (NASDAQ: ADBE) and eBay Inc. (NASDAQ: EBAY) can be downloaded free of charge at Research Driven Investing.

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