Adobe Systems Inc. (ADBE) reported first quarter adjusted net income of $0.35 per share after the bell Tuesday, down from $0.57 per share a year ago. The consensus estimate was for EPS of $0.31.
Adobe Systems gapped open sharply higher Wednesday, but traded in a range for the majority of the session. The stock finished up by 1.71 at $42.46, with volume at a 3-month high. Adobe Systems rose above a 2-week range and set a new high for the year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.