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Adobe Misses On Q3 Sales; Revenue Up 7 Percent To $1.08B, EPS In Line

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http://techcrunch.com – Adobe Systems reported third quarter earnings, missing analyst expectations. Adobe’s revenue came in at $1.08 billion, up 7 percent from the same quarter last year (analysts expected sales of $1.1 billion). Earnings were $0.58 on a non-GAAP basis ($0.40 on a GAAP-basis), which is inline with what Wall Street expected. Operating income was $278.3 million and net income was $201.4 million on a GAAP-basis . Operating income was $391.8 million and net income was $291.2 million on a non-GAAP basis. Cash flow from operations was $263.3 million for the quarter. “Customers globally are adopti (IT news)