Adobe Systems Raises Q4 Targets and Provides Fiscal 2005 Financial Outlook
Press release from the issuing company
SAN JOSE, Calif.--Oct. 26, 2004-- Adobe Systems Incorporated (Nasdaq:ADBE - News) today is providing its regular intra-quarter business update for its fourth quarter of fiscal 2004, which ends December 3, 2004.
With nearly six weeks remaining in the quarter, Adobe announced it believes it will exceed the financial targets it provided on September 20, 2004. The Company increased its Q4 FY2004 target ranges to the following: revenue of $410 to $425 million, and earnings per share of $0.40 to $0.43. Adobe's prior targets were revenue of $400 to $415 million, and earnings per share of $0.38 to $0.41.
Adobe indicated the increase in targets was due to the greater than expected revenue thus far in the quarter for its Creative Suite products and for its Acrobat product family. The Company also indicated it is experiencing strong demand in its U.S. and European markets.
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