Adobe Systems (ADBE Quote) expects its fourth-quarter results to come in at the high end of its earlier targets, thanks to solid demand for its Acrobat and Creative Suite products.
In its mid-quarter update, the San Jose, Calif., software maker said it expects results to be at the high end of its September forecast for earnings of 27 cents to 29 cents a share and revenue of $490 million to $510 million. Analysts polled by Thomson First Call predict Adobe will post earnings of 29 cents a share and revenue of $506 million for the quarter ending Dec. 2.
Adobe said Acrobat, its document-viewing software, and Creative Suite, a set of design and layout products, are driving its fourth-quarter results. In addition, the company noted solid demand in all of its major geographic regions. ...
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