Investing.com - Adobe 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.
For the year, Adobe shares are up 25.84%, under-performing the Nasdaq 100 which is up 27.27% year to date.
Adobe follows other major Technology sector earnings this month
On Wednesday, September 11, 2019, 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 analyst's expectations on Thursday, August 22, 2019, 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