ADBE Adobe Inc

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)

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