The San Jose-based company expects to generate revenue of $2.7 billion in the current quarter, when ends in June, yielding earnings of $1.77 per share. Analysts polled by FactSet were expecting the company to report revenue of $2.72 billion on earnings of $1.88 per share.
For the three months ended March 1, the company's fiscal first quarter, Adobe reported record revenue of $2.6 billion on earnings of $1.71 per share, topping analysts polled by FactSet who were expecting revenue of $2.55 billion and a bottom line of $1.62 per share.
"Adobe is fueling the creative economy, driving the paper-to-digital revolution and enabling businesses to transform through our leadership in customer experience management," said Shantanu Narayen, president and CEO, Adobe. "Our results in Q1 reflect continued momentum across Adobe Creative Cloud, Document Cloud and Experience Cloud."
Meanwhile the company reported full-year revenue and EPS estimates of $11.15 billion and $7.80 per share, respectively, which is in line with what Wall Street is expecting for the year.
Adobe shares were marked 1.2% lower in after-hours trading following the earnings release, indicating a Friday opening bell price of $265 each, after closing out Thursday with a 1.25% gain on the session and a year-to-date advance of just under 20%.
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