Categories AlphaGraphs, Earnings, Technology

Adobe (ADBE) stock gains as Q3 earnings, revenue beat Street view

Design software maker Adobe Inc. (NASDAQ: ADBE) reported stronger-than-expected revenues and profit for the third quarter of 2020, leveraging the general increase in demand for information technology solutions during the pandemic days.

Adobe Q3 2020 Earnings Infographic

Revenues climbed 14% year-over-year to $3.23 billion during the three-month period, aided by double-digit growth in the core Digital Media segment. The top-line also exceeded the estimates.

Consequently, earnings, adjusted for one-off items, moved up to $2.57 per share from $2.05 per share and came in above the consensus forecast. Net income was $955 million or $1.97 per share, compared to $793 million or $1.61 per share in the third quarter of 2019.


Looking forward to listening to management/analysts’ comments on Q3 results? Stay tuned here for Adobe’s Q3 2020 earnings call transcript 


Adobe’s stock traded higher on Tuesday and closed the session up 2%. It maintained the uptrend in the after-hours, following the earnings announcement.

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