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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (62132)	3/15/2002 12:02:16 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Adobe Beats Street's Q1 Estimates host.wallstreetcity.com Boston, Mar 14, 2002 (MidnightTrader via COMTEX) -- Adobe Systems (ADBE) tonight reported Q1 results, posting revenue of $267.9 million, compared to $329.0 million reported for the first quarter of fiscal 2001. Pro forma net income was $52.8 million, or $0.22 per share, compared to $83.6 million, or $0.33 per share, a year ago. Analysts were expecting Adobe to report a $0.20 Q1 profit on revenue totaling $268 million. Looking forward, the company says it sees Q2 EPS at $0.24 to $0.27 per share with revenue at of $305 to $325 million. Analysts are expecting the company to earn $0.25 per share on $312 million. The stock is gaining 3.9 percent tonight on 25,430 REDIBook shares. Price: 38.00, Change: +1.43, Percent Change: +3.9% URL: midnight-trader.com Copyright (C) 2002 MidnightTrader.com. All rights reserved. Unauthorized reproduction is strictly prohibited. -0-