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Adobe confirms Q1 earnings and sales targets

Adobe on Thursday said it is “on track” to hit company targets for its current first quarter ending February 28, 2003. The company said in a statement that all of its major geographic markets are on track, and that it expects to earn 21 to 23 cents a share before charges, on sales of $275 million to $290 million. Analysts polled by Thomson First Call had been expecting earnings of 22 cents on sales of $284.3 million, on average. Adobe plans to report its first quarter results on March 13.

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