Adobe Says Quarter Is on Track - TheStreet

Adobe Says Quarter Is on Track

The company retiterates June guidance of 22 cents to 25 cents EPS.
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Adobe Systems

(ADBE) - Get Report

announced Thursday that its fiscal third quarter is ontrack toward meeting previous guidance.

After the bell, the San Jose, Calif., networkpublishing firm reiterated its guidance from June inan intra-quarter business update. The company said third-quarter GAAP earnings will range from 22 cents to 25 cents a share and revenue will range from $300 million to $315 million. Pro forma results are not expected to materially differ from GAAP earnings.

Analysts polled by Thomson First Call wereforecasting the company would earn 25 cents on $311.2 million in revenue.

The company plans to report its fiscalthird-quarter 2003 results on Sept. 10, afterthe market closes.

Shares of Adobe closed up 65 cents, or 2%, to $32.73. Shares declined slightly in after-hours trading, to $31.92.