Adobe Inc. (ADBE), a provider of digital marketing and media solutions, posted better-than-expected third-quarter results backed by continued momentum across all segments. However, shares fell 4.1% in the extended trading session on September 21. The company reported earnings of $3.11 per share, up 21% year-over-year, and beat analysts’ estimates of $3.01 per share. (See Adobe stock charts on TipRanks) To add to that, revenue climbed 22% compared to the prior-year period to $3.94 billion and surpassed the Street’s estimate of $3.89 billion. Also, Adobe recorded remaining performance obligations (RPO) of $12.63 billion, up 22% year-over-year.
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Adobe (NASDAQ:ADBE)
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Adobe (NASDAQ:ADBE)
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