Adobe Inc. shares traded between slight gains and losses in the extended session Thursday after the company topped Wall Street estimates for the quarter but provided a revenue outlook that was roughly in line with estimates.
The company reported third-quarter net income of $1.4 billion, or $3.05 a share, compared with $1.14 billion, or $2.42 a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were $4.09 a share, compared with $3.40 a share in the year-ago period.Analysts surveyed by FactSet had forecast adjusted third-quarter earnings of $3.98 a share on revenue of $4.87 billion.
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