Adobe Systems Q2 Adj. Profit Beats Estimate; Issues Q3 Outlook - Quick Facts

(RTTNews) - Adobe Systems Inc. (ADBE) reported second-quarter net income of $88.5 million or $0.17 per share, compared to $76.5 million or $0.15 per share in the year-ago quarter.

Excluding items, adjusted net income for the latest second quarter was $186.3 million or $0.37 per share, compared to $182.9 million or $0.36 per share in the prior year quarter. On average, 19 analysts polled by Thomson Reuters expected the company to earn $0.30 per share. Analysts' estimates typically exclude special items.

Total revenue for the second quarter rose to $1.07 billion from $1.01 billion in the same quarter last year, while seventeen analysts expected revenue of $1.03 billion for the second quarter.

Looking forward to the third quarter, the company forecasts earnings of $0.02 to $0.08 per share, adjusted earnings of $0.22 to $0.28 per share and revenue in the range of $975 million to $1.03 billion.

Analysts currently expect the company to earn $0.27 per share on revenue of $1.02 billion for the third quarter.