Adobe Makes New All-Time High After Q2 Beat

Adobe Systems Incorporated ADBE shares are trading higher by $4.00 at $144.91 in Wednesday's session.

After Tuesday's close, the company announced a Q2 adjusted EPS beat of 7 cents along with a sales beat of $40 million.

After a higher open above its former all-time high ($144.34), Adobe continued in that direction before finally peaking in the first two minutes of the session at $147.45.

Since reaching that elevated level, profits-takers have come into the stock. It has found intraday support just above its former all-time high as $144.20 stands as the low for the session.