Adobe Systems (NASDAQ: ADBE) said it earned 35 cents per share on an adjusted basis in the second quarter in a press release issued after the bell on Tuesday. Was it enough? Well, not exactly. According to the earnings preview, the market was betting on Adobe to make just that amount. Yep, it's that whole confusing Wall Street thing. Meet expectations, and you don't really pass the test.
Meeting expectations in this climate should be considered cool, though. And let's not forget that the software company did okay on the revenue side. Sales came in at roughly $705 million. The market was expecting about $10 million less.
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