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Adobe Systems Inc. Q1 adjusted earnings Beat Estimates

Adobe Systems Inc. (ADBE) reported earnings for its first quarter that advanced from the same period last year.

The company's bottom line totaled $674.24 million, or $1.36 per share. This compares with $583.08 million, or $1.17 per share, in last year's first quarter.

Excluding items, Adobe Systems Inc. reported adjusted earnings of $843.99 million or $1.71 per share for the period.

Analysts had expected the company to earn $1.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 25.0% to $2.60 billion from $2.08 billion last year.

Adobe Systems Inc. earnings at a glance:

-Earnings (Q1): $843.99 Mln. vs. $772.19 Mln. last year.
-EPS (Q1): $1.71 vs. $1.55 last year.
-Analysts Estimate: $1.62
-Revenue (Q1): $2.60 Bln vs. $2.08 Bln last year.

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