ADBE

Adobe Systems Inc. reported fiscal Q2 net income of $1.71 billion with adjusted earnings of $5.96 per share, exceeding Wall Street expectations. The company also surpassed revenue forecasts at $6.62 billion and provided guidance for higher earnings and revenue in the current and full fiscal years. However, Adobe shares have declined 37% since the start of the year and 47% over the past 12 months.