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Adobe Reaffirms Guidance

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

Adobe Systems

(ADBE) - Get Adobe Inc. 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

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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.