Investing.com - Adobe (NASDAQ:ADBE) reported third quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.73 on revenue of $2.29B. Analysts polled by Investing.com EPS of $1.68 on revenue of $2.25B. That compared to EPS of $0.84 on revenue of $1.84B in the same period a year earlier The company had reported EPS of $1.66 on revenue of $2.2B in the previous quarter.
Adobe shares gained 0.27% to trade at $265.99 in after-hours trade following the report.
For the year, Adobe shares are up 52.7%, outperforming the S&P 500 which is up 8.21% year to date.
Adobe follows other major Technology sector earnings this month
On Thursday, August 16, 2018, NVIDIA (NASDAQ:NVDA) reported second quarter EPS of $1.76 on revenue of $3.12B, compared to forecasts of EPS of $1.66 on revenue of $3.1B.
Salesforce.com (NYSE:CRM) earnings beat analyst's expectations on Wednesday, August 29, 2018, with second quarter EPS of $0.71 on revenue of $3.28B. Investing.com analysts expected EPS of $0.47 on revenue of $3.23B