Creative Suite 5

Adobe Shares Slide on Disappointing Guidance

Adobe Systems's fiscal third-quarter earnings beat analyst expectations, but share prices plunged in after-hours trading after the largest maker of graphic-design software released lower-than-expected guidance for the fourth quarter.

Adobe Posts Robust Second-Quarter Numbers

Adobe Systems posted a higher-than-expected 34% gain in second-quarter revenues to $943 million, fueled by strong growth from its Creative Suite 5. Net income climbed 17.8% to $148.6 million. Adobe also approved a share buyback of up to $1.6 billion in common stock.