Adobe Systems Inc. Earnings Climb 48% In Q1

(RTTNews) - Adobe Systems Inc. (ADBE) announced a profit for its first quarter that advanced compared to the same period last year.

The company said its bottom line advanced to $332.61 million, or $0.66 per share. This was up from $224.33 million, or $0.44 per share, in last year's first quarter.

Analysts had expected the company to earn $0.61 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 24.3% to $1.38 billion. This was up from $1.11 billion last year.

Adobe Systems Inc. earnings at a glance:

-Earnings (Q1): $332.61 Mln. vs. $224.33 Mln. last year. -Earnings Growth (Y-o-Y): 48.3% -EPS (Q1): $0.66 vs. $0.44 last year. -EPS Growth (Y-o-Y): 50.0% -Analysts Estimate: $0.61 -Revenue (Q1): $1.38 Bln vs. $1.11 Bln last year. -Revenue Change (Y-o-Y): 24.3%