Adobe Targets Lower 4Q Revenue, Adjusted Earnings Than Analysts Expect

Date : 09/17/2019 @ 10:00PM
Source : Dow Jones News
Stock : Adobe Inc (ADBE)
Quote : 269.24  0.0 (0.00%) @ 10:23AM

Adobe Targets Lower 4Q Revenue, Adjusted Earnings Than Analysts Expect

Adobe (NASDAQ:ADBE)
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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%.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

September 17, 2019 16:45 ET (20:45 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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