Adobe shares plunged 11 percent in extended trading Thursday as the design software maker posted strong fiscal first-quarter results but missed market expectations in terms of quarterly revenue guidance.。

Adobe earnings overview

• EPS: Adjusted to 4.$48, expected 4.38美元
• Revenue: $51.8 billion, $51.4 billion expected

According to a statement released by Adobe, Adobe's revenue grew 11 percent year-over-year in the quarter ended March 1.。Net income from 12.$500 million (2 per share.71 dollars) dropped to 6.$200 million (1 per share.36 USD)。

In the quarter, Adobe dropped a $20 billion takeover plan for design software startup Figma as UK regulators identified competition issues.。The company paid Figma up to $1 billion in termination costs。

Adobe announces early versions of artificial intelligence assistants for its Reader and Acrobat apps。

OpenAI announced Sora in February, which can generate videos based on people's written descriptions.。David Wadhwani, president of Adobe's digital media business, said on the earnings call that Adobe will partner with OpenAI.。

Adobe Expects Adjusted Q2 Earnings of 4 Per Share.$35 to $4.$40 on revenue of $52.5 billion to $53 billion。The middle of this range means 9% growth。Analysts at LSEG forecast earnings per share of 4.$38 on revenue of $53.1 billion。

Product enhancements to Adobe Express, Firefly Services and the new Acrobat Assistant will lead to accelerated growth in digital media recurring revenue in the second half of the year, Wadhwani said.。

The company said it would keep $25 billion for share buybacks.。

In addition to the after-hours volatility, Adobe shares are down 4 percent this year, while the S & P 500 is up 8 percent in the same period.。