Adobe Systems Inc. (NASDAQ: ADBE) reported better-than-expected results. The software and media player giant earned $0.50 per share on revenue of $887.3 million. First Call had estimates of $0.46 for earnings and $876.7 million for revenue. For next quarter, Adobe guided non-GAAP EPS of $0.51 to $0.53 on revenue of $925 million to $955 million. First Call had estimates of earnings of $0.51 on sales of $939.4 million.
One thing that will be helping Adobe is the launch of its flagship Creative Suite 4 product familynext week. If this company is seeing any slowness being reportedelsewhere, you wouldn’t know it. The company said thatthe strong quarter was was driven by record revenue for Acrobat andLiveCycle products, as well as the overall diversity of its business.
Adobe shares closed up marginally today at $38.14, but the stock is now trading north of $40.00 in after-hours trading. According to NASDAQ, more than 157,000 shares changed hands since the earningsreport, although those numbers are rarely accurate on a second-to-second basis.
Jon C. Ogg
September 16, 2008
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Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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