Investing.com - Adobe (NASDAQ:ADBE) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Adobe announced earnings per share of $3.11 on revenue of $3.94B. Analysts polled by Investing.com anticipated EPS of $3.01 on revenue of $3.9B.
Adobe shares are up 29% from the beginning of the year and are trading at $620.05 , down-from-52-week-high.They are outperforming the S&P 500 which is up 15.9% from the start of the year.
Adobe shares lost 4.02% in after-hours trade after the report.
Adobe follows other major Technology sector earnings this month
Adobe's report follows an earnings beat by Salesforce.com on Wednesday, August 25, 2021, who reported EPS of $1.48 on revenue of $6.34B, compared to forecasts EPS of $0.9246 on revenue of $6.24B.
Oracle had beat expectations on Monday, September 13, 2021 with first quarter EPS of $1.03 on revenue of $9.73B, compared to forecast for EPS of $0.9726 on revenue of $9.76B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar