SAN JOSE, Calif. (
blew past Wall Street's estimates in its
, boosted by sales of its new
Creative Suite (CS) 5 software.
The software maker brought in revenue of $943 million, up from $704.7 million in the prior year's quarter and well above analysts' estimate of $905.91 million. The sales figure also surpassed the high end of Adobe's own guidance, which was $925 million.
Excluding items, Adobe earned 44 cents a share, up from 35 cents a share in the prior year's quarter and just above analysts' earnings forecast of 43 cents a share. Adobe itself had predicted earnings between 39 cents a share and 44 cents a share.
In a statement, Adobe CEO Shantanu Narayen said that the company's record second-quarter revenue was driven by the recent launch of the
CS5 graphic design and video editing software
For the third quarter, Adobe expects revenue between $950 billion and $1 billion, compared to Wall Street's $958.69 million estimate. Excluding items, the company predicts earnings between 46 cents a share and 50 cents a share. Analysts surveyed by Thomson Reuters had predicted earnings of 48 cents a share.
Investors will also be listening out for any escalation in the company's
ongoing war of words
over Flash technology
during its earnings conference call later today.
Adobe shares dipped 60 cents, or 1.84%, to $32 in extended trading on Tuesday.
-- Reported by James Rogers in New York
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