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 $3.11 on revenue of $3.94B. Analysts polled by Investing.com anticipated EPS of $3.01 on revenue of $3.9B.
Adobe shares are up 29% from the beginning of the year and are trading at $620.05 , down-from-52-week-high.They are outperforming the S&P 500 which is up 15.9% from the start of the year.
Adobe shares lost 4.02% in after-hours trade the report.
Adobe follows other major Technology sector earnings this month
Adobe's report follows an earnings beat by Salesforce.com on Wednesday, August 25, 2021, who reported EPS of $1.48 on revenue of $6.34B, compared to forecasts EPS of $0.9246 on revenue of $6.24B.
Oracle had beat expectations on Monday, September 13, 2021 with first quarter EPS of $1.03 on revenue of $9.73B, compared to forecast for EPS of $0.9726 on revenue of $9.76B.
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