Adobe Inc (NASDAQ: ADBE) reported third-quarter 2021 financial results after the regular market hours on Tuesday. The software giant reported Q3 revenue of $3.94 billion, up 22% year-over-year and higher than the Wall Street projection. Net income of $3.11 per share was also above the target that analysts had anticipated.
ADBE shares were down 3.8% immediately following the announcement. The stock has gained 33% since the beginning of this year.