9/16, 12:43 PM (Source: TeleTrader)
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Adobe up 3% premarket as Q3 revenue jumps

Shares of Adobe Inc. soared almost 3% in the premarket trade on Wednesday after the company reported better-than-expected financial results for the third quarter of the year.

Adobe's revenue made a yearly increase of a significant 14% as the digital services expanded during the coronavirus pandemic, while earnings per share surged 22% in the same period. The trimester marked the best period in the company's history, claimed Adobe's Chief Executive Shantanu Narayen.

The company's stocks jumped 2.86% to sell for $511.89 per share ahead of the Wednesday session. Since the start of the year, Adobe's shares have risen in their value by a remarkable 50.90%.

Breaking the News / ND