U.S. Markets closed

Adobe Earnings, Revenue Beat in Q3

Adobe Earnings, Revenue Beat in Q3

Investing.com - Adobe (NASDAQ:ADBE) reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.

The firm reported earnings per share of $2.05 on revenue of $2.83B. Analysts polled by Investing.com anticipated EPS of $1.97 on revenue of $2.82B. That compared to EPS of $1.73 on revenue of $2.29B in the same period a year earlier. The company had reported EPS of $1.83 on revenue of $2.74B in the previous quarter.

Adobe shares gained 1.16% to trade at $288.00 in after-hours trade following the report.


Adobe follows other major Technology sector earnings this month

On September 11, Oracle reported first quarter EPS of $0.81 on revenue of $9.22B, compared to forecasts of EPS of $0.81 on revenue of $9.29B.

Salesforce.com earnings beat analysts' expectations on August 22, with second quarter EPS of $0.66 on revenue of $4B. Investing.com analysts expected EPS of $0.48 on revenue of $3.96B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Related Articles

Trump to bar California from setting vehicle emission rules: sources

Big banks score win as U.S. regulator proposes easing post-crisis derivatives rules

NewsBreak: FedEx Tumbles Postmarket After Lowering Guidance