Adobe  (ADBE) – Get Free Report shares nudged higher in pre-market trading ahead of the the cloud software group’s third quarter earnings slated for after the closing bell.

Analysts expect Adobe to post an adjusted bottom line of $3.98 per share for the three months ending in July, its fiscal third quarter, with revenues rising around 9.8% to $4.867 billion.

Earlier this summer, CEO Shantanu Narayen boosted the group’s full-year profit forecast, citing the impact of AI-related technologies embedded in its creative cloud products, and sees full year sales of around $19.3 billion. 

Earnings, Adobe said, would rise to between $15.65 and $15.75 per share, a 15 cents per share improvement at the higher end of its prior estimate.

Analysts are also likely to focus on the fate of Adobe’s proposed acquisition of privately-held cloud design startup Figma following a probe into the $20 billion deal by the European Commission last month.

Adobe will use both cash and stock to pay for the San Francisco-based platform design group, which is used by companies such as Zoom Video  (ZM) – Get Free Report and Coinbase  (COIN) – Get Free Report. 

The deal, which is expected to close next year, includes a $1 billion break-up fee for both sides, with Figma CEO Dylan Field expected to continue leading the group when its folded into Adobe. 

Adobe shares were marked 0.26% higher n pre-market trading to indicate an opening bell price of $555.00 each, extending the stock’s year-to-date gain to around 65%.

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