- Adobe said profit for 2018 will be $5.50 a share, topping estimates.
- The company's digital media segment is approaching $5 billion in annual revenue.
Adobe shares climbed more than 5 percent in extended trading on Wednesday, after the company provided a 2018 profit forecast that topped analyst estimates.
Earnings this year will be $5.50 a share, well above the $5.21 average estimate from analysts polled by Thomson Reuters. The company provided the forecast at a financial analyst conference in Las Vegas.
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Adobe's transition to the cloud has spurred sales growth and lifted the stock almost 50 percent in the past year. The shares rose 5.2 percent to $161 after hours.
Revenue in the third quarter jumped 26 percent to $1.84 billion, Adobe said last month. Digital media sales are approaching $5 billion a year.