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 $
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