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Article: Adobe Systems Anticipates Financial Results to Exceed Published Analyst Estimates
- Article from:
- PR Newswire
- Article date:
- September 11, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN JOSE, Calif., Sept. 11 /PRNewswire/ -- Adobe Systems Incorporated (Nasdaq: ADBE) announced today it expects to report normalized financial results for the third fiscal quarter, ended August 29, 1997, that exceed the high end of the range of First Call analyst estimates. Normalized results exclude the effects of non-recurring events, such as charges associated with acquisitions and gains and losses on investments.
The First Call analyst earnings per share estimates range from $0.42 to $0.49, with a consensus estimate of $0.44.
Adobe indicated that a surge in applications product shipments in the last week of the third quarter led to record ...