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By Allison Prang
Adobe Inc. (ADBE) is targeting fourth-quarter revenue and adjusted earnings to be less than analysts expect.
The company is guiding $1.68 a share in profit and $2.25 a share in earnings on an adjusted basis. Analysts polled by FactSet are expecting adjusted profit of $2.30 a share.
The company is targeting for $2.97 billion in revenue. Analysts are expecting $3.02 billion.
Adobe said it sees revenue from its digital media segment increasing 20% year-over-year and revenue from its digital experience segment rising 23%.
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(END) Dow Jones Newswires
September 17, 2019 16:45 ET (20:45 GMT)
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