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Adobe Sees Second-Quarter Sales Beat

Adobe blows past analysts' second-quarter sales estimate thanks to the launch of its new CS5 software.

SAN JOSE, Calif. (

TheStreet

) --

Adobe

(ADBE) - Get Report

blew past Wall Street's estimates in its

second-quarter results

, 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

.

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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

with

Apple

(AAPL) - Get Report

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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