Adobe's Sales, Profit Up

Updated from 4:45 p.m. EST

Adobe Systems(ADBE Quote) posted fiscal fourth-quarter results Thursday that beat expectations and offered guidance for 2006, including newly acquired Macromedia(MACR Quote), that exceeded analysts' forecasts.

Separately, Adobe announced the resignation of its CFO.

Under generally accepted accounting principles, San Jose, Calif.-based Adobe reported net income of $156.3 million, or 31 cents a share, in the fourth quarter, which ended Dec. 2. That compared with net income of $113.5 million, or 23 cents a share, a year earlier. ...