By Allison Prang

Adobe Inc.'s (ADBE) third-quarter revenue and profit increased from a year ago.

Net income at Adobe was $792.8 million, up 19% from the comparable quarter last year. Earnings were $1.61 a share, up from $1.34 a share.

Adjusted earnings were $2.05 a share, up from $1.73 a share. Analysts polled by FactSet were expecting $1.97 an adjusted share.

Revenue was $2.83 billion, up 24%. Analysts polled by FactSet were expecting $2.82 billion.

The company's cost of revenue rose 41%.

Operating expenses rose 23%.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

September 17, 2019 16:37 ET (20:37 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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