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Adobe: Fiscal 2Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ Adobe Systems Inc. (ADBE) on Thursday reported fiscal second-quarter profit of $663.2 million.

On a per-share basis, the San Jose, California-based company said it had profit of $1.33. Earnings, adjusted for stock option expense and non-recurring costs, came to $1.66 per share.

The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.

The software maker posted revenue of $2.2 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $2.15 billion.

Adobe shares have climbed 47 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $258.10, a climb of 87 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADBE at https://www.zacks.com/ap/ADBE