Adobe Systems Inc.
on Monday reported its financial results for the fiscal third quarter ended September 3, 2004.For the quarter Adobe posted revenue of $403.7 million, compared to $319.1 million reported for the third quarter of fiscal 2003 and $410.1 million reported in the second quarter of fiscal 2004.
Adobe’s earnings represent a 27 percent growth in revenue year-over-year and met the companies revised revenue target, which was increased in early August.
Not including an investment loss from the company’s venture program, earnings were $0.43. Analysts polled by Thomson First Call were expecting earnings of 39 cents a share on revenue of $391.2 million.
Looking forward to the fourth quarter, Adobe said it is targeting revenue of $400 to $415 million and earnings of $0.38 to $0.41 a share.