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.
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