EmailAdobe (ADBE $30.44 -1.57) reported second quarter earnings of $0.55
per share, excluding non-recurring items, $0.04 better than the Capital IQ
Consensus Estimate of $0.51.
Revenues rose 8.5% year/year to $1.02 billion versus the $1 billion consensus.
For the third quarter, the company guided earnings in the range of $0.50 to
$0.56, excluding non-recurring items, versus the $0.54 Capital IQ Consensus
Estimate. On the top line, the company expects to see revenues in the range of
$1.00 billion to $1.05 billion versus the $1.02 billion Capital IQ Consensus
Estimate, with non-GAAP operating margin of 34% to 36%.
In fiscal year 2011, the company reaffirmed revenue growth of 10%, which
calculated to approx. $4.18 billion versus the $4.11 billion Capital IQ
Consensus Estimate with full year operating margin to be approx. 37% on a
non-GAAP basis.
than one year.
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