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SAN JOSE, Calif. (


) --


(ADBE) - Get Adobe Inc. Report

posted record third-quarter revenue after market close on Tuesday, but investors seemed underwhelmed by the company's weak fourth-quarter guidance.

The software maker brought in revenue of $990.3 million, a massive hike from $697.5 million in the prior year's quarter and well above analysts' estimate of $984.1 million. Sales were also at the high end of Adobe's own guidance, which was between $950 million and $1 billion.

Investors, however, were less than impressed by Adobe's guidance after the company forecast fourth-quarter sales between $950 million and $1 billion. Analysts surveyed by Thomson Reuters had predicted sales of $1.03 billion and the company's stock plunged $3.11, or 9.44%, to $30.16 in extended trading.

Excluding items, Adobe earned 54 cents a share during the third quarter, up from 35 cents a share in the prior year's quarter, and above Wall Street's estimate of 49 cents a share.

In a statement, Adobe CEO Shantanu Narayen said that the company's numbers were boosted by strong performance in each of its major businesses. "We remain bullish about Adobe's long-term role in enabling the transformation of content and applications across industries," he added.



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rival also blew past Wall Street's estimates in its

second-quarter results

and is

expected to benefit

from Apple's recent

decision to ease the restrictions on developers creating apps for its iOS operating system.

--Written by James Rogers in New York.

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