Adobe earnings top Wall Street estimates, while sales forecast is roughly in line

Adobe shares traded between slight gains and losses after hours Thursday, after the company's revenue outlook came in roughly in line with estimates.

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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