Adobe: Fiscal 3Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ Adobe Systems Inc. (ADBE) on Thursday reported fiscal third-quarter net income of $666.3 million.
The San Jose, California-based company said it had profit of $1.34 per share. Earnings, adjusted for one-time gains and costs, came to $1.73 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.
The software maker posted revenue of $2.29 billion in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $2.25 billion.
Adobe shares have risen 53 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $268.50, a climb of 72 percent in the last 12 months.