(RTTNews) - Adobe Inc. (ADBE) revealed a profit for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $1.68 billion, or $3.76 per share. This compares with $1.40 billion, or $3.05 per share, in last year's third quarter.
Excluding items, Adobe Inc. reported adjusted earnings of $2.08 billion or $4.65 per share for the period.
Analysts on average had expected the company to earn $4.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 10.6% to $5.408 billion from $4.890 billion last year.
Adobe Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $1.68 Bln. vs. $1.40 Bln. last year. -EPS (Q3): $3.76 vs. $3.05 last year. -Revenue (Q3): $5.408 Bln vs. $4.890 Bln last year.
-Guidance: Next quarter EPS guidance: $4.63 to $4.68 Next quarter revenue guidance: $5.50 - $5.55 Bln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
