Adobe Inc. ADBE, +1.25% shares fell than 1% in the extended session Thursday after the software company beat Wall Street estimates for earnings and revenue.
The company reported fiscal first-quarter net income of $674.2 million, or $1.36 a share, compared with $492.1 million, or $1.17 a share, in the year-ago period. Adjusted for stock-based compensation, investment losses and tax adjustments, among other things, earnings were $1.71 a share, compared with $1.55 a share in the year-ago period. Revenue rose to $2.6 billion from $2.08 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of $1.
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