Adobe's 3Q Revenue, Net Income Rise -- Update
September 17 2019 - 4:52PM
Dow Jones News
By Allison Prang
Adobe Inc.'s (ADBE) third-quarter revenue and profit increased
from a year ago.
Net income at Adobe was $792.8 million, up 19% from the
comparable quarter last year. Earnings were $1.61 a share, up from
$1.34 a share.
Adjusted earnings were $2.05 a share, up from $1.73 a share.
Analysts polled by FactSet were expecting $1.97 an adjusted
share.
Revenue was $2.83 billion, up 24%. Analysts polled by FactSet
were expecting $2.82 billion.
The company's cost of revenue rose 41%.
Operating expenses rose 23%.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
September 17, 2019 16:37 ET (20:37 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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