Adobe Q2 Profit Down 66 Percent as Expenses Rise
Adobe Systems Inc.’s fiscal second-quarter earnings fell 66 percent as the software company recorded weaker product sales and higher operating expenses, through subscriptions for creative services continued to strengthen.
Shares jumped 4.1 percent to $45.09 after hours as adjusted per-share earnings topped the company’s expectations. The stock is up 15 percent since the start of the year.