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
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