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Adobe: Fiscal 3Q Earnings Snapshot

September 13, 2018

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADBE at https://www.zacks.com/ap/ADBE

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