EmailAdobe Systems (ADBE $30.76 -2.13) reported second quarter earnings of $0.60 per share, excluding non-recurring items, $0.01 better than the Capital IQ consensus of $0.59, while revenues rose 9.9% year/year to $1.12 billion versus the $1.11 billion consensus.
The company issued mixed guidance for the third quarter with EPS of $0.56-0.61, excluding non-recurring items, versus the $0.61 consensus and revenues of $1.075-1.125 billion versus the $1.13 billion consensus. The company issued in-line guidance for fiscal year 2012 with EPS of $2.40-2.46, excluding non-recurring items, from its prior targeted range of $2.38 to $2.48, versus the $2.44 consensus. For fiscal year 2012, the company narrowed its annual revenue growth target to a range of six to seven percent, versus its prior target range of six to eight percent, and inline with consensus of +6.7%.
