REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsSept 14 (Reuters) - Photoshop software maker Adobe (ADBE.O) forecast current-quarter profit above Wall Street estimates on Thursday, after beating revenue estimates for the third quarter on strong demand for its photo, video editing and document tools with generative AI integrations.
Excluding items, it reported earnings of $4.09 per share in the quarter ended Sept. 1, above analysts' estimates of $3.98 per share, according to LSEG data.
Quarterly revenue stood at $4.89 billion, compared with estimates of $4.87 billion.
Adobe expects revenue between $4.98 billion and $5.03 billion for the fourth quarter, compared with analysts' expectation of $5 billion, according to LSEG data.
The company expects fourth-quarter adjusted profit between $4.10 and $4.15 per share, compared with analysts' average estimate of $4.06 per share.
Persons:
Dado Ruvic, Akash Sriram, Shailesh
Organizations:
REUTERS, Adobe, Wall, Thomson
Locations:
San Jose , California, Bengaluru