Adobe Reaffirms Guidance

The company expects quarterly revenue of $630 million to $660 million.
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Adobe Systems

(ADBE) - Get Report

on Tuesday reaffirmed its outlook for its current quarter.

In a midquarter update, the company said it was standing by the first quarter forecast it gave last month in its

earnings report. That guidance called for earnings of 13 cents to 16 cents a share on sales of $630 million to $660 million for the period ending March 3.

Excluding certain charges, the software maker expects to earn 28 cents to 30 cents a share.

On this basis, analysts polled by Thomson First Call are predicting that Adobe will earn 29 cents a share in the current quarter on $650 million in sales. In the same period last year, which preceded its recent acquisition of Macromedia, the company earned $151.9 million, or 30 cents a share, on $472.9 million in sales.

Adobe's update came as company officials hosted a conference in New York with analysts.

In recent trading, Adobe's stock was off 26 cents, or less than 1%, to $39.09.