Adobe Systems Inc. (ADBE) reported third quarter adjusted EPS of $0.28 after the close Tuesday, down from $0.32 in the previous year. Revenues rose to $1.01 billion from $995.12 million a year ago. The consensus estimates were for EPS of $0.26 and revenues of $1.02 billion.
Adobe Systems gapped open lower Wednesday and declined during the first hour of trade, before settling into a range. The stock closed down by 3.43 at $67.30 on above average volume. Adobe Systems fell to a 3-month low.
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