Adobe Inc. (ADBE) has announced a significant increase in profit for its third quarter, surpassing analysts’ expectations.The company reported a net income of $1.68 billion, or $3.76 per share, up from $1.40 billion, or $3.05 per share, in the same period last year.Excluding special items, Adobe’s adjusted earnings for the quarter were $2.08 billion or $4.65 per share.According to data from Thomson Reuters, analysts had projected earnings of $4.11 per share, generally excluding special items.Revenue for the quarter saw a 10.6% increase, rising to $5.408 billion from $4.890 billion in the previous year.Here is a summary of Adobe’s Q3 earnings (GAAP):- Earnings: $1.68 billion, compared to $1.40 billion last year.- Earnings per Share (EPS): $3.76, up from $3.05 last year.- Revenue: $5.408 billion, up from $4.890 billion last year.**Guidance for the Next Quarter:**- Expected EPS: $4.63 to $4.68- Expected Revenue: $5.50 to $5.55 billionThe material has been provided by InstaForex Company – www.instaforex.com
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