04:41 PM EDT, 09/12/2024 (MT Newswires) -- Adobe (ADBE) reported fiscal Q3 non-GAAP earnings late Thursday of $4.65 per diluted share, up from $4.09 a year earlier.

Analysts polled by Capital IQ expected $4.54.

Revenue for the quarter that ended Aug. 30 was $5.41 billion, up from $4.89 billion a year earlier. Analysts surveyed by Capital IQ expected $5.37 billion.

The company expects fiscal Q4 non-GAAP earnings of $4.63 to $4.68 per diluted share. Analysts surveyed by Capital IQ expect $4.67.

The company expects Q4 revenue of $5.50 billion to $5.55 billion. Analysts polled by Capital IQ expect $5.60 billion.

Adobe shares traded nearly 9% lower in after-hours activity.

Price: 535.68, Change: -50.87, Percent Change: -8.67