Adobe's stock spikes 6% on earnings, revenue beat

Core Insights - Adobe shares rose approximately 6% in extended trading following the release of fiscal third-quarter results that exceeded analysts' expectations [1] - The company's revenue increased by 11% year-over-year, reaching $5.99 billion compared to $5.41 billion in the same quarter last year [1] - Earnings per share were reported at $5.31, surpassing the expected $5.18 [3] Performance Comparison - As of Thursday's close, Adobe's stock has declined by 21% year-to-date, significantly underperforming its tech peers and the broader Nasdaq index, which has increased by 14% [2]