On Thursday, Adobe posted fourth-quarter results that were in line with analysts' expectations and revenue that exceeded projections.
Adobe reported $3.2 profits per share on $4.11 billion in revenue. Investing.com polled analysts, who predicted EPS of $3.2 on revenue of $4.09 billion.
Adobe shares are up 26% since the start of the year but are still down 9.89% from their 52-week high of $699.54 reached on November 22. They're almost in pace with the Nasdaq 100, which has gained 26.39% since the beginning of the year.
Following the release of the news, Adobe stock dropped 7.03% in pre-market trading.
This month, Adobe will be tracking the profits of other key IT companies.
NVIDIA posted earnings of $1.17 per share on revenue of $7.1 billion on November 17, above estimates of $1.11 per share on revenue of $6.82 billion.
Oracle beat expectations on December 9 with EPS of $1.21 on revenue of $10.36 billion, versus a forecast of $1.11 on revenue of $10.2 billion.