Adobe Systems Inc. (NASDAQ: ADBE) reported fiscal second quarter 2013 results after markets closed today. The software company reported adjusted earnings per share (EPS) of $0.36 on revenue of $1.01 billion. In the same period a year ago, the company reported adjusted EPS of $0.60 on revenue of $1.12 billion. Second-quarter results compare to the Thomson Reuters consensus estimates for EPS of $0.34 and $1.01 billion in revenue.
The company's press release did not offer third-quarter or fiscal year guidance, but the company plans to discuss financial targets on its conference call. The consensus estimates for the third quarter call for EPS of $0.35 on revenues of $1.01 billion. For the full-year, analysts are looking for EPS of $1.44 on revenues of $4.11 billion.
First quarter EPS totaled $0.31, second quarter totaled $0.36, and next quarter is forcast at $0.31. Revenues are pretty flat as well. Subscriptions to the firm's cloud-based programs could be flattening, but we'll have to wait until the conference call to find out.
Adobe launched its Creative Cloud platform last year and that continues to be a focus going forward. The company's CEO said:
Creative Cloud is revolutionizing the creative process, and Adobe Marketing Cloud is quickly becoming the platform of choice for the world's leading brands, advertising agencies and media companies.
On a GAAP basis, Adobe posted EPS of $0.15 for the quarter, which excludes $0.16 of stock based compensation plus other charges and credits.
The company's shares are up about 4% in after-hours trading, at $45.00 in a 52-week range of $29.52 to $47.17. Thomson Reuters had a consensus analyst price target of around $45.00 before today's results were announced.
Filed under: Investing Tagged: ADBE