An Adobe sign hangs along Main Street during the 2025 Sundance Film Festival on Jan. 27, 2025 in Park City, Utah.
David Becker | Getty Images
Adobe shares rose about 6% in extended trading on Thursday after the design software maker reported fiscal third-quarter results that topped analysts’ estimates.
Here’s how the company did in comparison with LSEG consensus:
- Earnings per share: $5.31 adjusted vs. $5.18 expected
- Revenue: $5.99 billion vs. $5.91 billion expected
Revenue increased 11% from $5.41 billion a year earlier, Adobe said in a statement. Net income rose to $1.77 billion, or $4.18 per share, from $1.68 billion, or $3.76 per share, a year ago.
As of Thursday’s close, Adobe’s stock was down 21% this year, badly underperforming tech peers and the broader Nasdaq, which is up 14%.
This is developing news. Please check back for updates.
