Adobe Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - Adobe Inc. (ADBE) announced a profit for its third quarter that Increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $1.772 billion, or $4.18 per share. This compares with $1.684 billion, or $3.76 per share, last year.

Excluding items, Adobe Inc. reported adjusted earnings of $2.252 billion or $5.31 per share for the period.

Analysts on average had expected the company to earn $5.18 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 10.7% to $5.988 billion from $5.408 billion last year.

Adobe Inc. earnings at a glance (GAAP) :

-Earnings: $1.772 Bln. vs. $1.684 Bln. last year. -EPS: $4.18 vs. $3.76 last year. -Revenue: $5.988 Bln vs. $5.408 Bln last year.

-Guidance: Next quarter EPS guidance: $5.35 - $5.40 Next quarter revenue guidance: $6.075 - $6.125 Bln Full year EPS guidance: $20.80 - $20.85 Full year revenue guidance: $23.65 - $23.70 Bln