Adobe Systems Beats Earnings, Stock Sharply Higher In After Hours (ADBE)

Adobe Systems Inc. ADBE reports Q4 earnings of $0.56 versus estimate of $0.52. Adobe Systems Inc. reports Q4 revenues of $1.01 billion versus expectations of $988.07 million. Adobe System said it sees Q1 sales of $1-$1.05 billion, versus estimates of $992.2 million. It also said it sees earnings of 54-59 cents per share on estimates of 51 cents per share. Shares are skyrocketing in after-hours, gaining more than 8% in after hours trading.