Adobe profit beats, sees strong Q4 revenue

Reuters News
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Posted: Sep 20, 2011 4:29 PM

(Reuters) - Adobe Systems Inc reported quarterly profit that beat Wall Street estimates and forecast a strong end to the year, sending its shares up 6 percent in extended trade.

Third-quarter profit was 55 cents per share, on revenue of $1.01 billion.

Analyst, on average, had expected the company to report earnings of 54 cents a share, before items, on revenue of $1.03 billion, according to Thomson Reuters I/B/E/S.

Shares of the company rose 6 percent in after-hours trading to $26 after closing at $24.64 on Nasdaq.

(Reporting by Siddharth Cavale in Bangalore; Editing by Saumyadeb Chakrabarty)