SAN JOSE, Calif. (

TheStreet

) --

Adobe's

(AAPL) - Get Report

new CS 5 software should

drive its second-quarter results today

, but investors will be listening out for any escalation in the company's war of words with

Apple

(AAPL) - Get Report

.

Adobe, which posted

good first-quarter results

earlier this year, is getting plenty of

analyst love

ahead of its latest numbers.

"We expect a solid fiscal second quarter as we believe CS5 is off to a strong start," wrote Brad Zelnick, an analyst at Macquarie Securities, in a note released earlier this week. "

This is driven by an enhanced feature set, a coincident PC refresh cycle and improvements in advertising spending."

During Adobe's recent first quarter, CEO Shantanu Narayen noted more stable demand for the company's creative offerings. The multimedia specialist's Acrobat and

Omniture

products also helped drive Adobe's growth.

More on Adobe vs. Apple Will Adobe Agitate Apple?

Analysts surveyed by Thomson Reuters expect Adobe to post second-quarter sales of $905.13 million and earnings of 42 cents a share, up from $704.7 million and 35 cents a share in the prior year's recession-impacted quarter.

Macquarie's Zelnick, however, thinks that Adobe will beat Wall Street's expectations, thanks to CS5 appearing a week earlier than anticipated. This, he added, will partially offset currency headwinds.

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Adobe itself has forecast second-quarter revenue between $875 million and $925 million and earnings between 39 cents a share and 44 cents a share.

Investors will also be closely monitoring the company's earnings call for any comments on Apple, which has

shunned Adobe's Flash on both the iPad and iPhone.

The move prompted a bout of very public bout of mud-slinging between the two companies, who are also long-standing partners.

Apple, which supports Flash on Macs, has

repeatedly voiced its concern about the prospect of Flash on iPhones

, questioning the

software's performance

. Steve Jobs himself reiterated this stance during the recent launch of the new iOS 4, apparently nixing the possibility of Adobe and Apple living happily ever after.

Adobe, in turn, has accused Apple of deliberately confusing people in an attempt to protect its own business. Apple's decision will inevitably push Adobe close to the likes of

Microsoft

(MSFT) - Get Report

and

Google

(GOOG) - Get Report

, with its Android operating system.

A recent SEC filing by Adobe, however, acknowledged that Apple's decision could damage its business. CEO Shantanu Narayen nonetheless played it cool during Adobe's first-quarter earnings call, so investors will be keen to hear his comments today.

Adobe's stock has dipped 4.51% during the past three months, although the company's shares rose 18 cents, or 0.54% to $33.31 on Tuesday.

-- Reported by James Rogers in New York

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