Adobe Systems (Nasdaq: ADBE) reported earnings on Sep. 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Aug. 31 (Q3), Adobe Systems missed estimates on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded.

Margins contracted across the board.

Revenue details
Adobe Systems chalked up revenue of $1.08 billion. The 23 analysts polled by S&P Capital IQ expected to see a top line of $1.10 billion on the same basis. GAAP reported sales were 6.6% higher than the prior-year quarter's $1.01 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.58. The 24 earnings estimates compiled by S&P Capital IQ anticipated $0.58 per share. GAAP EPS of $0.40 for Q3 were 2.6% higher than the prior-year quarter's $0.39 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 88.9%, 80 basis points worse than the prior-year quarter. Operating margin was 26.0%, 140 basis points worse than the prior-year quarter. Net margin was 18.6%, 70 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.10 billion. On the bottom line, the average EPS estimate is $0.57.

Next year's average estimate for revenue is $4.35 billion. The average EPS estimate is $2.32.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,792 members out of 1,911 rating the stock outperform, and 119 members rating it underperform. Among 489 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 460 give Adobe Systems a green thumbs-up, and 29 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Adobe Systems is outperform, with an average price target of $33.85.

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