منتديات تداول - عرض مشاركة واحدة - (ADBE) Earnings Releases After Market Closes

ترايدر · 17-06-2005, 01:15 PM

Friday , June 17, 2005 05:17 ETBy GREG SANDOVALAP Technology WriterSAN JOSE, Calif., Jun 17, 2005 (AP Online via COMTEX) --Adobe Systems Inc. said Thursday that its second-quarter profits rose 37 percent as the maker of Acrobat and Photoshop reported strong sales of its most popular software.

San Jose-based Adobe, the maker of the portable document format (PDF) technology, announced Thursday a fiscal second-quarter profit of $149.8 million, or 29 cents per share, compared with a profit of $109.4 million or 22 cents per share in the same period of 2004.

Adobe reported revenue for the quarter, which ended June 3, of $496 million, up 21 percent from $410 million in the year-ago period.

Excluding special items, such as taxes on some revenue from abroad, the software company earned $142.9 million, or 28 cents per share.

Analysts surveyed by Thomson Financial expected Adobe to earn an average of 27 cents per share on revenue of $491.7 million.

Shares of Adobe, which reported after the close of trading, fell more than 6 percent, or $1.99, in after-hours trading. The stock rose 1.3 percent, or 41 cents, to close at $32.41 Thursday on the Nasdaq Stock Market.

"We're excited about the growth in our business," Adobe CEO Bruce Chizen said. "This is the eighth-consecutive quarter we've seen double-digit growth."

Looking ahead to the third quarter, Adobe predicted that earnings would range from 25 cents to 27 cents a share on revenue of $470 million to $490 million.

In April, Adobe announced a deal to buy animation software maker Macromedia Corp. for about $3.4 billion in stock. The deal was complicated after Macromedia announced that it would have to restate earnings for six years due to the way it accounted for employee-leave.

Analysts have said that corrections in Macromedia's earnings were nominal and had little chance of derailing the sale. Adobe executives said in a telephone conference that they expected the deal to close sometime in the fall.

Joining forces with Macromedia is supposed to help Adobe fend off Microsoft Corp.

Macromedia's online conferencing and collaboration platform, called Breeze, uses the company's Flash format to support virtual meetings. Microsoft is said to have a competing software in the works and also plans products to compete with Adobe's dominant Photoshop and Illustrator imaging software.

Responding to questions about how Adobe plans to compete with the world's largest software company, Adobe executives cited their 10-year lead in the market, large adoption of their software, and their numerous business partners.

Nonetheless, Chizen has acknowledged in the past that the only competitor that keeps him up at night is Microsoft.

"Given that Microsoft has $40 billion in revenue and unlimited resources we can't ignore them," Chizen said. "But we can feel good about where we are against where they are."

Copyright 2005 Associated Press, All rights reserved

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ترايدر

17-06-2005, 01:15 PM	#9
ترايدر مشرف الاسهم الامريكية تاريخ التسجيل: Jan 2004 المشاركات: 1,262	Friday , June 17, 2005 05:17 ETBy GREG SANDOVALAP Technology WriterSAN JOSE, Calif., Jun 17, 2005 (AP Online via COMTEX) --Adobe Systems Inc. said Thursday that its second-quarter profits rose 37 percent as the maker of Acrobat and Photoshop reported strong sales of its most popular software. San Jose-based Adobe, the maker of the portable document format (PDF) technology, announced Thursday a fiscal second-quarter profit of $149.8 million, or 29 cents per share, compared with a profit of $109.4 million or 22 cents per share in the same period of 2004. Adobe reported revenue for the quarter, which ended June 3, of $496 million, up 21 percent from $410 million in the year-ago period. Excluding special items, such as taxes on some revenue from abroad, the software company earned $142.9 million, or 28 cents per share. Analysts surveyed by Thomson Financial expected Adobe to earn an average of 27 cents per share on revenue of $491.7 million. Shares of Adobe, which reported after the close of trading, fell more than 6 percent, or $1.99, in after-hours trading. The stock rose 1.3 percent, or 41 cents, to close at $32.41 Thursday on the Nasdaq Stock Market. "We're excited about the growth in our business," Adobe CEO Bruce Chizen said. "This is the eighth-consecutive quarter we've seen double-digit growth." Looking ahead to the third quarter, Adobe predicted that earnings would range from 25 cents to 27 cents a share on revenue of $470 million to $490 million. In April, Adobe announced a deal to buy animation software maker Macromedia Corp. for about $3.4 billion in stock. The deal was complicated after Macromedia announced that it would have to restate earnings for six years due to the way it accounted for employee-leave. Analysts have said that corrections in Macromedia's earnings were nominal and had little chance of derailing the sale. Adobe executives said in a telephone conference that they expected the deal to close sometime in the fall. Joining forces with Macromedia is supposed to help Adobe fend off Microsoft Corp. Macromedia's online conferencing and collaboration platform, called Breeze, uses the company's Flash format to support virtual meetings. Microsoft is said to have a competing software in the works and also plans products to compete with Adobe's dominant Photoshop and Illustrator imaging software. Responding to questions about how Adobe plans to compete with the world's largest software company, Adobe executives cited their 10-year lead in the market, large adoption of their software, and their numerous business partners. Nonetheless, Chizen has acknowledged in the past that the only competitor that keeps him up at night is Microsoft. "Given that Microsoft has $40 billion in revenue and unlimited resources we can't ignore them," Chizen said. "But we can feel good about where we are against where they are." Copyright 2005 Associated Press, All rights reserved ============================== ترايدر