The stock was last quoted at $27.40, up 2.3%, on after-hours volume of more than 400,000, according to Nasdaq.com. The company's outlook was a bit muddled though as Adobe is going through some major restructuring after announcing plans to cut 750 jobs and focus on its digital operations in early November. Adobe sees non-GAAP profits of ranging from 54 to 59 cents a share for its fiscal first quarter ending in February and $2.37 to $2.47 a share for the full year. Those views compare to the current average analyst estimates for earnings per share of 58 cents and $2.44 in the respective periods. Based on Thursday's regular session close at $26.46, the shares are down more than 12% so far in 2011. Wall Street was mildly bearish on the stock ahead of the report with 15 of the 27 analysts covering Adobe at either hold (11), underperform (2) or sell (2). The stock's forward price-to-earnings ratio sits at 10.8X, which is below a recent estimate of 12.5X for the S&P 500, and the shares have rebounded somewhat since hitting a 52-week low of $22.67 on Aug. 19.