SAN JOSE, Calif. (AP) _ Adobe Systems Inc. (ADBE) on Tuesday reported fiscal third-quarter net income of $1.21 billion.

On a per-share basis, the San Jose, California-based company said it had net income of $2.52. Earnings, adjusted for one-time gains and costs, came to $3.11 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3 per share.

The software maker posted revenue of $3.94 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $3.88 billion.

For the current quarter ending in November, Adobe expects its per-share earnings to be $3.18. Analysts surveyed by Zacks had forecast adjusted earnings per share of $3.

The company said it expects revenue in the range of $4.07 billion for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $4.01 billion.

Adobe shares have risen 29% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $645.89, a rise of 36% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADBE at https://www.zacks.com/ap/ADBE

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