The Freeland File
Aerospace & Defense
Global Market Data
Lucy P. Marcus
David Cay Johnston
The Great Debate
Jack & Suzy Welch
Macro & Markets
Lipper Awards 2012
Personal Finance Video
Counterparties: Today's Best Links
Medicine gone horribly wrong
Fortune dives into a medical device giant's decision to illegally test a bone cement on patients, which reportedly resulted in at least five deaths. Read more at Counterparties
Debt colletor's latest tricks
The importance of Occupy Wlal Street
Get Counterparties delivered to your inbox!
Cartoons in French weekly fuel Mohammad furor
Study on Monsanto GM corn concerns draws skepticism
Richest Americans' net worth jumps to $1.7 trillion: Forbes
Analysis: NATO pullback heightens doubts about Afghan strategy
18 Sep 2012
Analysis: Despite his rhetoric, Romney needs the "47 percent" to win
New video shows Romney saying Palestinians don’t want peace
U.S. embassies attacked in Yemen, Egypt after Libya envoy killed
Romney derides Obama supporters in hidden camera speech
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Never too old
A look at seniors living life and proving that "you are as young as you feel." Slideshow
Lindsay Lohan's woes
Lindsay Lohan was arrested for leaving the scene of an accident in lower Manhattan. Slideshow
Adobe third quarter EPS in line, revenue falls short
Palo Alto Networks' fourth-quarter beats Street amid slower growth
Mon, Sep 10 2012
VeriFone third-quarter revenue misses view; shares fall
Wed, Sep 5 2012
Hot Stocks »
Asian Markets »
Adobe CEO Shantanu Narayen speaks at the Samsung keynote address on the opening day of the Consumer Electronics Show (CES) in Las Vegas January 6, 2011.
Credit: Reuters/Rick Wilking
Wed Sep 19, 2012 4:47pm EDT
(Reuters) - Adobe Systems Inc, maker of Photoshop and Acrobat software, reported a quarterly profit in line with estimates but missed revenue expectations due to currency effects.
Net income for the third quarter was $201.3 million, or 58 cents per share, excluding items, as expected by analysts polled by Thomson Reuters I/B/E/S.
Adobe said on Wednesday that revenue rose slightly to $1.08 billion from a year earlier, but missed Wall Street estimates of $1.10 billion.
Adobe said the currency hit amounted to about $9 million.
For the fourth quarter Adobe aims to achieve revenue of $1.075 billion to $1.125 billion and EPS, excluding items, of 53 cents to 58 cents a share.
These targeted ranges factor in 25,000 additional new Creative Cloud subscriptions in the quarter, the company said.
Adobe launched its Creative Suite 6 - which includes Photoshop, Illustrator, InDesign, Flash and Dreamweaver - and the Web-based Creative Cloud products in the second quarter.
Analysts have expressed concern that the Web-based subscription service will hurt Adobe's financial growth at least over the short term.
Adobe shares fell 0.7 percent in after hours trading to $32.90, after closing up 1.69 percent at $33.12.
(Reporting by Nicola Leske; Editing by Richard Chang)
Related Quotes and News
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Be the first to comment on reuters.com.
Add yours using the box above.
Back to top
New York Legal
Support & Contact
Connect with Reuters
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
About Thomson Reuters
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.