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Adobe Systems 140 call options beats by $0.07, beats on revs; guides Q3 EPS above consensus

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Adobe Systems 140 call options beats by $0.07, beats on revs; guides Q3 EPS above consensus, revs above consensus

Adobe Systems beats by $0.07, beats on revs; guides Q3 EPS above consensus, revs above consensus (140.91 +0.56)
• Reports Q2 (May) earnings of $1.02 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus of $0.95; revenues rose 26.7% year/year to $1.77 bln vs the $1.73 bln Capital IQ Consensus.
• Co issues upside guidance for Q3, sees EPS of ~$1.00, excluding non-recurring items, vs. $0.97 Capital IQ Consensus Estimate; sees Q3 revs of ~$1.815 bln vs. $1.8 bln Capital IQ Consensus Estimate. Co expects to achieve approximately $300 million of net new Digital Media ARR

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