Updated from 4:45 p.m. ET to include latest share prices and additional information about Disney, Amazon.com and Focus Media.
NEW YORK (TheStreet) -- Shares of Adobe Systems (ADBE) fell in late trades on Monday after the company posted an in-line profit for its fiscal first quarter and gave a second-quarter outlook with some downside to the current consensus view.
The San Jose, Calif.-based maker of digital media publishing and marketing applications, including Acrobat, InDesign and Omniture, reported a non-GAAP profit of $284.5 million, or 57 cents a share, on revenue of $1.045 billion. The average estimate of analysts polled by Thomson Reuters was for earnings of 57 cents a share on revenue of $1.053 billion in the quarter.
For the fiscal second quarter ending in May, Adobe forecast non-GAAP earnings of 57 to 61 cents a share on revenue ranging from $1.090 billion to $1.140 billion. The current average analysts' view is for a profit of 60 cents a share on revenue of $1.101 billion.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV