Adobe Systems Inc. Q2 Profit Increases, beats estimates

Adobe Systems Inc. (ADBE) released earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $1.18 billion, or $2.49 per share. This compares with $1.12 billion, or $2.32 per share, in last year's second quarter.

Excluding items, Adobe Systems Inc. reported adjusted earnings of $1.59 billion or $3.35 per share for the period.

Analysts on average had expected the company to earn $3.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.3% to $4.39 billion from $3.84 billion last year.

Adobe Systems Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $1.18 Bln. vs. $1.12 Bln. last year.
-EPS (Q2): $2.49 vs. $2.32 last year.
-Analyst Estimate: $3.31
-Revenue (Q2): $4.39 Bln vs. $3.84 Bln last year.

Next quarter EPS guidance: $3.33
Next quarter revenue guidance: $4.43 Bln
Full year EPS guidance: $13.50
Full year revenue guidance: $17.65 Bln

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