Adobe results top Street view, shares slip
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 1619ETCopyright (c) 2017 Dow Jones & Company, Inc.