gave investors cause for relief on Tuesday, reiterating its forecast for the current quarter.
In its midquarter update, Adobe said it still expects to post a profit of 13 cents to 16 cents a share -- 25 cents to 27 cents excluding options and acquisition costs -- on sales ranging from $580 million to $610 million in its quarter ending Sept. 1. That matches the
guidance the company gave in June in its last quarterly report.
The latest view from analysts was that the company would post a profit of 26 cents a share on sales of $593 million.
Investors cheered the news. In recent after-hours trading, the company's stock was up $1.46, or 5.2%, to $29.80.
The outlook Adobe gave in June was below analysts' estimates at the time. Some had worried that the company might take its guidance down further.
The current version of the company's flagship suite of software programs for creative professionals doesn't run natively on the new
-based machines from
. Adobe plans to support Apple's new systems in the next version of the creative suite, expected to be released in 2007.
Considering that Apple users represent a core client base for the suite, some analysts have expected sales of the current creative programs to slow awaiting the new release.
Shares of Adobe's stock closed regular trading on Tuesday off 17 cents, or 0.6%, to $28.34.