FX.co ★ Adobe Inc. Q2 Profit Increases, Beats Estimates

Adobe Inc. (ADBE) has reported increased profits for its second quarter, surpassing Wall Street expectations.

The company's net income reached $1.57 billion, or $3.49 per share, compared to $1.30 billion, or $2.82 per share, in the same quarter last year.

On an adjusted basis, Adobe's earnings were $2.02 billion, or $4.48 per share, for the quarter.

Analysts, according to Thomson Reuters, had anticipated earnings of $4.09 per share on average. Generally, analysts' estimates do not account for special items.

For the quarter, Adobe's revenue grew by 10.2%, rising to $5.31 billion from $4.82 billion the previous year.

Key financial highlights (GAAP) for Adobe Inc. include:

- Q2 Earnings: $1.57 billion vs. $1.30 billion last year

- Q2 EPS: $3.49 vs. $2.82 last year

- Q2 Revenue: $5.31 billion vs. $4.82 billion last year

### Guidance

- Next quarter EPS: $4.50 - $4.55

- Next quarter revenue: $5.33 - $5.38 billion

- Full year EPS: $18.00 - $18.20

- Full year revenue: $21.40 - $21.50 billion