Adobe Backs Quarterly, Full-Year Outlook
U.S. company Adobe Systems stood by its second-quarter and full-year financial outlooks on
Thursday, ahead of its 2008 annual financial meeting later in the day.
The maker of Photoshop, Illustrator and Flash software said it expects its quarterly results to come in near the high end of its previously issued outlook for revenue of $855 million to $885 million, and earnings per-share excluding items in the range of 45 cents to 47 cents.
Adobe also stood by its fiscal 2008 forecast for growth of about 13 percent in revenue, and earnings of $1.86 to $1.92 a share, excluding items.
Chief Executive Shantanu Narayen had said earlier that if the U.S. economy continues to weaken, he might need to cut the company's full-year revenue forecast.