3 Key Numbers From Adobe's Q3 Earnings
Adobe's (NASDAQ: ADBE) fiscal third-quarter financial report, released on Tuesday, was another strong showing as the company beat analyst expectations for both revenue and earnings.
The software developer, whose best-known product is Photoshop, reported profit of $792.8 million, or $1.63 a share, on sales of $2.83 billion, up from $2.29 billion a year ago. After adjusting for stock-based compensation and other costs, the company claimed earnings of $2.05 a share, up from $1.73 a share a year ago. Analysts were expecting adjusted earnings of $1.97 a share.
But good numbers are often overshadowed by forward projections and investors were a little unimpressed with management's Q4 guidance, which came in below analyst expectations.
Source Fool.com
