Adobe Systems Beats Expectations (Again) on Cloud Strength

Adobe Systems Beats Expectations (Again) on Cloud Strength

Adobe Systems Incorporated (NASDAQ: ADBE) announced better-than-expected fiscal third-quarter 2017 results on Tuesday after the market closed, punctuated by healthy cash flow and another company revenue record on sustained momentum for its cloud-based subscription products.

But while Adobe also offered encouraging forward guidance -- and keeping in mind shares are up more than 50% so far in 2017 -- Adobe stock is down a modest 3% in after-hours trading as of this writing. Let's zoom in for a closer look at what the creative software company accomplished in its latest quarter and what investors can expect going forward.

IMAGE SOURCE: ADOBE SYSTEMS.

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Source: Fool.com