This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Adobe Systems, Apple: After-Hours Trading (Update 1)

Stocks in this article: ADBE AAPL FMCN DIS AMZN

Updated from 4:45 p.m. ET to include latest share prices and additional information about Disney, 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.

The stock was last quoted at $32.95, down 4.5%, on volume of nearly 900,000, according to Based on Monday's regular session close at $34.51, the shares are up 5.7% in the past year, reflecting appreciation of nearly 20% since the start of 2012.

"Our strategy is to be the leader in Digital Media and Digital Marketing," said Shantanu Narayen, Adobe's president and CEO, said in a statement. "With the upcoming release of our Creative Suite and Creative Cloud offerings, and with the momentum we have in Digital Marketing, we remain confident about our ability to drive strong revenue and earnings growth."

While the second-quarter earnings view is light, the company said it was raising its fiscal 2012 outlook to reflect the addition of Efficient Frontier, a developer of digital advertising optimization applications, which Adobe acquired in January.

Adobe now sees non-GAAP earnings of $2.38 to $2.48 a share for the year with revenue growth projected at 6-8%, up from a prior target for growth of 4-6%. The current consensus estimate is for earnings of $2.42 a share for the fiscal year ending in November.

Check out TheStreet's quote page for Adobe Systems for year-to-date share performance, analyst ratings, earnings estimates and much more.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • 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 Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs