Adobe on track to meet Q1 earnings

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Adobe System Inc. on Thursday provided an update for the company's fiscal first quarter ending February 28, 2003.

In its regular intra-quarter update, Adobe said the company is on target in all major geographic regions and believes they will meet previous guidance provided on December 12, 2002. Adobe's revenue range is $275 to $290 million, and pro forma earnings per share of $0.21 to $0.23.

Analysts polled by Thomson First Call expect Adobe to report earnings $0.22 per share for the first quarter.

Adobe shares closed the day at 26.42, down -0.29 or -1.09%

This story, "Adobe on track to meet Q1 earnings" was originally published by PCWorld.

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