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Adobe stock ticks higher after earnings beat

Adobe Systems Inc. ADBE, +0.27% shares ticked higher in the prolonged consultation Thursday after the instrument corporate's quarterly results topped Wall Street estimates. Adobe shares rose 1% after hours, following a nil.three% achieve to near the regular consultation at $268.52. The corporate reported third-quarter internet income of $666.three million, or $1.34 a proportion, when compared with $419.6 million, or 84 cents a proportion, in the year-ago duration. Adjusted profits were $1.73 a proportion. Revenue rose to $2.29 billion from $1.84 billion in the year-ago duration. Analysts surveyed through FactSet had estimated $1.69 a proportion on income of $2.25 billion.

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