Adobe Builds Up Profit

Updated from 4:50 p.m. EST

Adobe Systems(ADBE Quote) reported fourth-quarter results Thursday that beat its recently raised guidance as well as analysts' estimates.

The company also reaffirmed its outlook for fiscal 2005, which projects an approximately 12% jump in sales.

But investors still pushed shares of Adobe down in after-hours trading. After enjoying a steady climb since late July from an intraday low of $39.32, the stock fell $2.11 cents, or 3.5%, to $59 after the bell. That was after falling $1.54, or 2.5%, to close at $61.11. ...