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Adobe Beats Estimates

Stock quotes in this article: ADBE  

SAN FRANCISCO -- Adobe Systems(ADBE Quote) beat Wall Street's earnings estimates as profit more than doubled.

The San Jose, Calif., maker of design and publishing software reported revenue of $851.7 million, up 41% above the same quarter of the prior year. Analysts polled by Thomson Financial had expected a top line of $789.3 million.

The company's profit grew to $205.2 million, or 34 cents a share, from $94.4 million, or 16 cents a share, a year earlier.

Excluding items, EPS was 45 cents, beating analysts' expectations of 40 cents a share. ...

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