May 21, 2018 / 8:18 PM / 3 months ago

BRIEF-Adobe Authorizes New $8 Bln Stock Repurchase Program

May 21 (Reuters) - Adobe Systems Inc:

* ADOBE AUTHORIZES NEW $8 BILLION STOCK REPURCHASE PROGRAM

* ADOBE SYSTEMS INC - NEW PROGRAM IS EXPECTED TO BE FUNDED FROM ADOBE’S FUTURE CASH FLOW FROM OPERATIONS

* ADOBE SYSTEMS INC - NEW PROGRAM NOT EXPECTED TO HAVE A MATERIAL IMPACT ON COMPANY’S FISCAL YEAR 2018 EARNINGS

* ADOBE SYSTEMS - NEW STOCK REPURCHASE AUTHORITY IS EXPANSION OF PREVIOUS PROGRAM AUTHORIZING REPURCHASE OF UP TO $2.5 BILLION IN STOCK THROUGH FY 2019 Source text for Eikon: Further company coverage:

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