India, March 13 -- Adobe Inc. (ADBE) is trading at $384.00, down 12.26 percent or $53.76, following the release of its latest earnings report for the first quarter. The company reported total revenue of $5.71 billion, up from $5.18 billion in the prior year.
The stock opened at $405.27 and has traded between $384.41 and $405.27 so far today, compared to a previous close of $438.60 on the Nasdaq. Current trading volume is 6.24 million shares, surpassing the average volume of 3.67 million. The stock's 52-week range is $384.41 to $587.75.
Net income also rose sharply to $1.81 billion from $620 million in the same period last year.
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