Adobe Systems Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Adobe Systems Inc. (ADBE) revealed a profit for its third quarter that climbed from last year.

The company's earnings came in at $0.67 billion, or $1.34 per share. This compares with $0.42 billion, or $0.84 per share, in last year's third quarter.

Excluding items, Adobe Systems Inc. reported adjusted earnings of $0.86 billion or $1.73 per share for the period.

Analysts had expected the company to earn $1.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 24.5% to $2.29 billion from $1.84 billion last year.

Adobe Systems Inc. earnings at a glance:

-Earnings (Q3): $0.86 Bln. vs. $0.55 Bln. last year. -EPS (Q3): $1.73 vs. $1.10 last year. -Analysts Estimate: $1.69 -Revenue (Q3): $2.29 Bln vs. $1.84 Bln last year.