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.