NEW YORK ( TheStreet) -- Adobe ( ADBE) shares were higher in premarket trading Wednesday after the software maker's first-quarter earnings beat estimates and it issued a strong outlook for the second quarter.

Adobe shares were at $37.40 in premarket trading, up more than 6%. The stock closed Tuesday of $35.22.

Adobe said fiscal first-quarter earnings fell 19% from a year earlier to $127.2 million, or 24 cents a share. But the company earned 40 cents a share excluding items, surpassing analysts' expectations of 37 cents.

Adobe said first-quarter revenue rose 9% to $858.7 million, topping estimates.

The company said it expects second-quarter earnings excluding items of 39 cents to 44 cents a share. Analysts surveyed by Thomson Reuters expect profit of 41 cents.

Adobe said it expects second-quarter revenue of $875 million to $925 million; analysts see revenue of $858.6 million.

Adobe said it will launch Creative Suite 5 next month, with the product expected to ship late in the second quarter.

-- Reported by Joseph Woelfel in New York.

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