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Adobe Systems Inc. Q1 adjusted earnings Beat Estimates

Adobe Systems Inc. (ADBE) announced earnings for its first quarter that increased from the same period last year.

The company's profit came in at $1.26 billion, or $2.61 per share. This compares with $0.96 billion, or $1.96 per share, in last year's first quarter.

Excluding items, Adobe Systems Inc. reported adjusted earnings of $1.52 billion or $3.14 per share for the period.

Analysts had expected the company to earn $2.78 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 26.5% to $3.91 billion from $3.09 billion last year.

Adobe Systems Inc. earnings at a glance:

-Earnings (Q1): $1.52 Bln. vs. $1.11 Bln. last year.
-EPS (Q1): $3.14 vs. $2.27 last year.
-Analysts Estimate: $2.78
-Revenue (Q1): $3.91 Bln vs. $3.09 Bln last year.

-Guidance:
Next quarter EPS guidance: $2.81
Next quarter revenue guidance: $3.72 Bln
Full year EPS guidance: $11.85
Full year revenue guidance: $15.45 Bln

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