Adobe results top Street view, shares slip

09/19/17 04:19 PM EDT

Adobe Systems Inc. (ADBE) shares slipped in the extended session Tuesday even after the software company topped Wall Street estimates for the quarter. Adobe shares declined 1% to $154.99 after hours. The company reported third-quarter net income of $419.6 million, or 84 cents a share, compared to $270.8 million, or 54 cents a share, in the year-ago period. Adjusted earnings were $1.10 a share. Revenue rose to $1.84 billion from $1.46 billion in the year-ago period. Analysts surveyed by FactSet had estimated $1.01 a share on revenue of $1.82 billion.

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com

 

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09-19-17 1619ET

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