The stock was falling 3.65% to $274.30 a share in post-market trading after having gained 0.62% in regular hours.
Adjusted earnings per share for the third quarter came in at $2.25, above Wall Street expectations of $1.97. The EPS result was roughly 18% higher than last year's. Revenue was $2.83 billion, beating analysts estimates of $2.815 billion and the company's own guidance of $2.8 billion. Revenue grew 23% year-over-year. Subscription revenue was $2.546 billion, beating estimates of $2.527 billion, and growing healthy over last year's result of $2.021 billion.
"Adobe delivered another quarter of record revenue in Q3," said John Murphy, executive vice president and CFO, Adobe. "Highlights include 24 percent year-over-year total revenue growth, strong subscription revenue performance and operating margin expansion."
Management guided for fourth quarter revenue of $2.97 billion, missing analysts projection of $3.04 billion. Adobe said it expects adjusted EPS for the current quarter of $2.25, also missing expectations of $2.30.
The stock is up 26% on the year.