Adobe Earnings, Revenue Beat in Q3 By Investing.com


© Reuters. Adobe Earnings, Revenue Beat in Q3

Investing.com – Adobe (NASDAQ:) reported on Tuesday third quarter that beat analysts’ forecasts and revenue that topped expectations.

Adobe announced earnings per share of $2.57 on revenue of $3.23B. Analysts polled by Investing.com anticipated EPS of $2.41 on revenue of $3.16B.

Adobe shares are up 50% from the beginning of the year, still down 7.20% from its 52 week high of $536.25 set on September 2. They are outperforming the Nasdaq which is up 24.72% from the start of the year.

Adobe shares gained 4.48% in after-hours trade following the report.

Adobe follows other major Technology sector earnings this month

Adobe’s report follows an earnings beat by NVIDIA on August 19, who reported EPS of $2.18 on revenue of $3.87B, compared to forecasts EPS of $1.97 on revenue of $3.65B.

Salesforce.com had beat expectations on August 25 with second quarter EPS of $1.44 on revenue of $5.15B, compared to forecast for EPS of $0.67 on revenue of $4.9B.

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

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