Investing.com - Adobe (NASDAQ:ADBE) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Adobe announced earnings per share of $2.57 on revenue of $3.23B. Analysts polled by Investing.com anticipated EPS of $2.41 on revenue of $3.16B.
Adobe shares are up 50% from the beginning of the year and are trading at $519.90 , down-from-52-week-high.They are outperforming the Nasdaq which is up 24.72% from the start of the year.
Adobe shares gained 4.48% in after-hours trade the report.
Adobe follows other major Technology sector earnings this month
Adobe's report follows an earnings beat by NVIDIA on Wednesday, August 19, 2020, who reported EPS of $2.18 on revenue of $3.87B, compared to forecasts EPS of $1.97 on revenue of $3.65B.
Salesforce.com had beat expectations on Tuesday, August 25, 2020 with second quarter EPS of $1.44 on revenue of $5.15B, compared to forecast for EPS of $0.67 on revenue of $4.9B.
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