Adobe Systems, Apple: After-Hours Trading (Update 1)

Updated from 4:45 p.m. ET to include latest share prices and additional information about Disney, Amazon.com and Focus Media.

NEW YORK ( TheStreet) -- Shares of Adobe Systems ( ADBE) fell in late trades on Monday after the company posted an in-line profit for its fiscal first quarter and gave a second-quarter outlook with some downside to the current consensus view.

The San Jose, Calif.-based maker of digital media publishing and marketing applications, including Acrobat, InDesign and Omniture, reported a non-GAAP profit of $284.5 million, or 57 cents a share, on revenue of $1.045 billion. The average estimate of analysts polled by Thomson Reuters was for earnings of 57 cents a share on revenue of $1.053 billion in the quarter.

For the fiscal second quarter ending in May, Adobe forecast non-GAAP earnings of 57 to 61 cents a share on revenue ranging from $1.090 billion to $1.140 billion. The current average analysts' view is for a profit of 60 cents a share on revenue of $1.101 billion.



The stock was last quoted at $32.95, down 4.5%, on volume of nearly 900,000, according to Nasdaq.com. Based on Monday's regular session close at $34.51, the shares are up 5.7% in the past year, reflecting appreciation of nearly 20% since the start of 2012.

"Our strategy is to be the leader in Digital Media and Digital Marketing," said Shantanu Narayen, Adobe's president and CEO, said in a statement. "With the upcoming release of our Creative Suite and Creative Cloud offerings, and with the momentum we have in Digital Marketing, we remain confident about our ability to drive strong revenue and earnings growth."

While the second-quarter earnings view is light, the company said it was raising its fiscal 2012 outlook to reflect the addition of Efficient Frontier, a developer of digital advertising optimization applications, which Adobe acquired in January.

Adobe now sees non-GAAP earnings of $2.38 to $2.48 a share for the year with revenue growth projected at 6-8%, up from a prior target for growth of 4-6%. The current consensus estimate is for earnings of $2.42 a share for the fiscal year ending in November.

Check out TheStreet's quote page for Adobe Systems for year-to-date share performance, analyst ratings, earnings estimates and much more.

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Apple

Shares of Apple ( AAPL) still had some steam left after closing the regular session above $600 for the first time ever. The stock was last quoted at $604.66, up $3.56, on volume of nearly 650,000, according to Nasdaq.com.

After announcing plans to initiate a dividend and repurchase up to $10 billion worth of its common stock, Apple said after the close that it's already sold three million units of the new iPad since the product's launch on Friday.

"The new iPad is a blockbuster with three million sold―the strongest iPad launch yet," said Philip Schiller, Apple's senior vice president of Worldwide Marketing, in a press release. "Customers are loving the incredible new features of iPad, including the stunning Retina display, and we can't wait to get it into the hands of even more customers around the world this Friday."

During Monday's regular session, Apple shares hit a new all-time high of $601.77 on an intraday basis. The stock is now up nearly 45% since the start of 2012, and more than 75% in the past year.

Check out TheStreet's quote page for Apple for year-to-date share performance, analyst ratings, earnings estimates and much more.

Other companies making news after the bell included Walt Disney ( DIS), whose stock fell 1% to $43 on volume of more than 200,000 after the company said it expects to record an operating loss of $200 million in its fiscal second quarter ending in March stemming from the poor performance of 'John Carter,' a Mars movie released earlier this month; Amazon.com ( AMZN), whose shares ticked 12 cents lower to $185.20 on volume of more than 20,000 after the online mega-retailer said it's agreed to acquire Kiva Systems, a privately held maker of robotic package handling systems, for $775 million in cash; and Focus Media ( FMCN), whose stock gained 4.7% to $29.32 on volume of roughly 100,000 after the China-based digital advertising company reported strong first-quarter results, posting a non-GAAP profit of $96 million on revenue of $256.4 million.

-- Written by Michael Baron in New York.

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