Adobe Reports Record Revenue

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Go back to Adobe Reports Record Revenue

Adobe (ADBE) PT Raised to $180 at Jefferies; Small Speed Bump

September 20, 2017 6:35 AM EDT

Jefferies raised its price target on Adobe (NASDAQ: ADBE) to $180.00 (from $175.00) while maintaining a Buy rating.

Analyst Brent Thill notes Q3 bookings miss in Experience Cloud detracted from an otherwise strong quarter with revenue beat across major segments and EPS... More

Adobe Systems (ADBE) Tops Q3 Tops by 9c, Revs Beat

September 19, 2017 4:06 PM EDT

Adobe Systems (NASDAQ: ADBE) reported Q3 EPS of $1.10, 9 cents better than the analyst estimate of $1.01. Revenue for the quarter came in at $1.84 billion versus the consensus estimate of $1.82 billion.

Adobe achieved record quarterly revenue of $1.84 billion in its third quarter of fiscal year 2017, which represents 26 percent year-over-year revenue growth.Diluted earnings per share was... More