Adobe Systems Inc. Q3 Profit Decreases, but beats estimates

Adobe Systems Inc. (ADBE) reported earnings for third quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $1.14 billion, or $2.42 per share. This compares with $1.21 billion, or $2.52 per share, in last year's third quarter.

Excluding items, Adobe Systems Inc. reported adjusted earnings of $1.60 billion or $3.40 per share for the period.

Analysts on average had expected the company to earn $3.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.4% to $4.43 billion from $3.94 billion last year.

Adobe Systems Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $1.14 Bln. vs. $1.21 Bln. last year.
-EPS (Q3): $2.42 vs. $2.52 last year.
-Analyst Estimates: $3.33
-Revenue (Q3): $4.43 Bln vs. $3.94 Bln last year.

Next quarter EPS guidance: $3.50
Next quarter revenue guidance: $4.52 Bln

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