Photoshop maker Adobe Systems reported a better-than-expected profit for the sixth straight quarter, helped by a 12 percent sequential jump in annualized recurring revenue in its digital media segment.
However, the company's shares fell about 2 percent in extended trading after it forecast lower-than-expected revenue and profit for the current quarter.
Adobe said on Tuesday it expected an adjusted profit of 45-51 cents per share on revenue of $1.18 billion-$1.23 billion for the third quarter.
Analysts were expecting a profit of 54 cents per share and revenue of $1.25 billion, according to Thomson Reuters I/B/E/S.
FBR Capital Markets analyst Samad Samana said the company usually gives "conservative" forecasts and then beats them.