“Adobe Systems Inc. on Tuesday reported a fiscal third-quarter profit of $195 million, or 39 cents a share, on revenue of $1.013 billion, compared with earnings of $230 million, or 44 cents a share, on $990 million in sales in the same period a year ago,” Rex Crum reports for MarketWatch.
“Excluding one-time items, the publishing and digital software company would have earned $273 million, or 55 cents a share,” Crum reports. “Analysts surveyed by FactSet Research had forecast Adobe to earn 54 cents a share on $1.03 billion in revenue for the quarter ended Sept. 2.”
Read more in the full article here.