Adobe Systems Inc. Q3 Earnings Advance 96%

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

The company said its bottom line came in at $275.39 million, or $0.54 per share. This was higher than $140.57 million, or $0.28 per share, in last year's third quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 20.8% to $1.22 billion. This was up from $1.01 billion last year.

Adobe Systems Inc. earnings at a glance:

-Earnings (Q3): $275.39 Mln. vs. $140.57 Mln. last year.

-Earnings Growth (Y-o-Y): 95.9%

-EPS (Q3): $0.54 vs. $0.28 last year.

-EPS Growth (Y-o-Y): 92.9%

-Analysts Estimate: $0.50

-Revenue (Q3): $1.22 Bln vs. $1.01 Bln last year.

-Revenue Change (Y-o-Y): 20.8%