Adobe (ADBE) shares tumbled 11% in after-hours trading Thursday as the company reported first-q🐟uarter earnings beating analyst estimates, but issued soft guidance for the second quarter.

The company reported first-quarter revenue for fiscal 2024 of $5.18 billion. This record high exceeded analyst estimates compiled by Visible Alpha and represented 11% year-over-year growth.

Adobe's net income for the quarter at $2.05 billion also beat analysts' expectations and was up from the previous quarter and year-ago period. Diluted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) at $4.48 surpassed𓆏 proj🦋ections and grew from the quarter and year prior as well.

The company said it expects re🦋venue in the second quarter of between $5.25 billion and $5.3 billion. However, analysts had anticipated guidance at the higher end of this rang💎e at $5.3 billion.

Adobe's outlook for diluted EPS in the coming quarter was $4.35 to $4.40, in line with analyst expectations at $4.35.

The company did not include guidance for the full year as it did in the🔥 first quarter of 2𒁏023.

In its first quarter of 2024, Adobe filed to end its acquisition of🌜 Figma, incurring a $1 bi🤡llion termination fee.

The company also announce꧃d a $25 billion buyback program.

Adobe shares dropped 11% in after-hours trading to $507.99. Through Thursday's close, the stock had gained about 70% in the past year.

UPDATE: This article includes updated share price information.