Stock Groups

Adobe Earnings, Revenue Beat in Q3 By


© Reuters. Adobe Earnings, Revenue Beat in Q3 – Adobe (NASDAQ:) reported on Tuesday third quarter that beat analysts’ forecasts and revenue that topped expectations.

Adobe reported earnings per share at $3.11 for revenue of $3.94B. polled analysts and predicted EPS at $3.01 for revenue $3.9B.

Adobe shares rose 29% over the first of the year. However, they are down 4.13% from their 52-week peak of $673.88 which was set in September 3. They are outperforming the S&P 500 which is up 15.9% from the start of the year.

After-hours trading saw Adobe share prices fall by 4.02% following the announcement.

Adobe follows other major Technology sector earnings this month

Adobe’s report follows an earnings beat by on August 25, who reported EPS of $1.48 on revenue of $6.34B, compared to forecasts EPS of $0.9246 on revenue of $6.24B.

The first quarter Oracle earnings beat forecasts by $1.03 with revenue of $9.73B. That compares to $0.9726 for revenue of $9.76B and the projections of EPS at $0.9726.

Stay up-to-date on all of the upcoming earnings reports by visiting’s earnings calendar

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. Instead, they are provided by market makers. As such, the prices might not reflect current market prices. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is among the most risky investment options. Please make sure you are fully aware of all the costs and risks involved.