Adobe Systems shares rose 5 per cent on Monday after the software company beat its previously raised third-quarter financial goals.
Shares went up $1.94 to $49.89 in after-hours trading. They had ended the day down 19 cents at $47.95.
The company reported third-quarter earnings of $104.5 million, or 42 cents a share, on sales of $403.7 million. The same quarter last year saw Adobe earn $64.5 million, or 27 cents a share, on sales of $319.1 million.
Thomson First Call analysts had expected the company to earn around 39 cents a share on sales of $392 million. Reuters Estimates analysts had expected revenue of $391.6 million and quarterly earnings of 39 cents a share.
In August Adobe predicted earnings between 36 and 41 cents a share on sales of $380 million to $400 million.
Adobe predicted earnings between 38 and 41 cents a share and sales between $400 million and $415 million for the forth quarter.
Adobe emphasized that a call in which CEO Bruce Chizen discussed the company's growth prospects for future periods was not intended to provide any guidance regarding fiscal 2005 financial results or expected growth rates as compared to fiscal 2004.
The successful quarter was due to strong demand for Photoshop, Creative Suite and Acrobat software products.