Why Investors Like Adobe Diving Into Subscriptions
March 18, 2013 at 14:20 PM EDT
Adobe's earnings probably won't be too surprising: analysts expect 31 cents in earnings per share on revenue of about $986 million. Both the EPS and revenue numbers are down from a year ago - so why is the stock near all-time highs? Because the company is doing what looked impossible just a couple of years ago. It's successfully moving its biggest business to a subscription model.