Adobe: revenues, profits beat forecasts in Q3

Adobe: revenues, profits beat forecasts in Q3

Adobe: revenues, profits beat forecasts in Q3

Adobe released a report on Tuesday with third-quarter results that beat analysts. Revenue was above forecasts.

The company posted earnings per share of $ 2.57 and earnings of $ 3.23B. Analysts polled by Investing.com predicted earnings per share of $ 2.41 and total earnings of $ 3.16B

Adobe shares were up 4.48% to trade at $ 519.90 in after market close, according to the report.

Adobe's stock is up 50% this year, performing better than the Nasdaq overall, up 24% YTD.

Adobe is following the general trend of companies in the Technology sector this month

NVIDIA reported $ 2.18 in second quarter on Aug 19, profit of $ 3.87B vs. EPS forecast of $ 1.97 on total earnings of $ 3.65B

Salesforce.com revenues beat analysts' expectations on Aug 25 in the second quarter, with $ 1.44 quarterly EPS on $ 5.15B total profit.Analysts at Investing.com previously predicted earnings per share of $ 0.67 on 4 total earnings. 9B $

Stay on top of all the key financial events with Investing.com's economic calendar.

Leave a Reply

Your email address will not be published. Required fields are marked *