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 SAN FRANCISCO (AP) - Adobe Systems Inc. executives are raising profit guidance after the company easily exceeded Wall Street expectations with a 37 percent surge in first-quarter profit.
But on the cusp of the biggest product launch in the company's history, some analysts sounded notes of caution, saying the pace of change in the volatile software industry makes it hard to predict Adobe's long-term fortune.
Adobe shares closed Tuesday at $40.74, up 50 cents or 1 percent, on the Nasdaq Stock Market. They gained $1.52 in after-hours trading.
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