Stock Update - Adobe Systems (NASDAQ:ADBE) shares At Year High After 4Q Earnings

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Adobe Systems Incorporated (NASDAQ:ADBE) rose 3.63% to %37.68 after hitting a new 52-week high of $37.74. Adobe Systems Inc. reported Tuesday a fourth-quarter loss of $32 million, or 6 cents a share, compared to net income of $245.9 million, or 46 cents a share, in the same period last year. The San Jose-based maker of design software said revenue fell to $757.3 million from $915.3 million. Excluding special items, Adobe said earnings for the quarter were 39 cents a share. Analysts polled by Thomson Reuters had expected Adobe to report earnings excluding special items of 37 cents a share on $752.5 million in revenue.

Adobe Systems Incorporated (Adobe) is a diversified software companies. The Company offers a line of creative, business and mobile software and services used by creative professionals, knowledge workers, consumers, original equipment manufacturer (OEM) partners, developers and enterprises for creating, managing, delivering and engaging with content and experiences across multiple operating systems, devices and media.

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