Adobe (ADBE) reported fiscal third quarter earnings that topped Wall Street estimates on both the top and bottom lines, but shares plunged in after-hours trading on its outlook. Adobe reported adjusted earnings of $4.65 per share, topping the Bloomberg consensus estimate of $4.53. Revenue was $5.41 billion, just above the expected $5.37 billion.

For Q4, Adobe sees revenue of $5.50-$5.55 billion, short of the $5.60 billion Wall Street was expecting.

Interactive Brokers Chief Strategist Steve Sosnick tells Yahoo Finance that what Adobe is seeing is part of a wider market trend. "It's necessary to beat your posted EPS number, but it's no longer sufficient," he says, adding companies need to hit on all their metrics given how "aggressively" stocks like Adobe have been priced.

Sosnick joins Market Domination anchors Julie Hyman and Josh Lipton in discussing the tech giant's results.

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This post was written by Stephanie Mikulich.