CS First Boston Maintains Buy on Adobe

Analyst Gibboney Huske says the first quarter was a mixed bag for the company

Adobe Systems (ADBE ) reported $0.20 first quarter earnings per share (under GAAP) on 19% lower revenues. The company sees $0.24-$0.27 second quarter EPS (pro forma) on $305-$325 million in revenues. CS First Boston maintains its buy rating on the shares.

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