Adobe's 3Q Forecast Falls Below Analysts' Expectations
June 18 2019 - 5:05PM
Dow Jones News
By Aisha Al-Muslim
Software company Adobe Inc. (ADBE) on Tuesday provided its
financial targets for the third quarter that missed analysts'
expectations.
For the quarter, the company guided total revenue of $2.8
billion, compared with estimates of $2.83 billion by analysts
polled by Refinitiv.
Digital media segment revenue for the quarter is expected to
grow 20% year-over-year, while digital experience segment revenue
is projected to increase by 34%.
The company guided earnings per share of $1.40 for the quarter,
compared with analysts' estimates of $1.47 a share.
The company also guided adjusted earnings per share of $1.95,
compared with analysts' estimates of $2.05 a share.
Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com
(END) Dow Jones Newswires
June 18, 2019 16:50 ET (20:50 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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