Adobe Systems Inc. posted a 15 percent drop in fiscal-third-quarter profit, hurt in part by higher marketing and stock-compensation costs.
The software maker’s shares rose in after-hours trading as the earnings were at the higher end of projections and Adobe gave an upbeat outlook.
The company, known for its Flash software and Creative Suite of design programs like Photoshop, has been ramping up on the expense side as it hires sales and marketing personnel.
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