Adobe (NASDAQ: ADBE) Systems Leaps Out of the Gate on Strong Q2 Guidance

Shares of Adobe Systems (NASDAQ:ADBE) are trading 6.2% higher to $37.40 premarket Wednesday after the world's biggest maker of graphic-design programs forecast second-quarter sales that beat analysts' estimates, a sign the company is poised to release an upgrade of its most profitable software.

For the second quarter of 2010, the company expects EPS in the range of $0.39 to $0.44, ex-items on revenues of $875 million to $925 million, versus consensus estimates for EPS of $0.41 on revenues of $860.5 million.