Adobe Reports Record Revenue
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September 18, 2019 7:10 AM EDT
Canaccord Genuity analyst Richard Davis reiterated a Buy rating and $320.00 price target on Adobe (NASDAQ: ADBE) following the company's earnings call. Headline results were largely as expected. The surprise in the quarter was a below consensus guide for FQ4, which management attributed to the... More
September 18, 2019 7:03 AM EDT
Stephens analyst James Rutherford reiterated an Overweight rating and $327.00 price target on Adobe (NASDAQ: ADBE) following the company's 3Q earnings report. Adobe posted a revenue beat ($2.83 bil. vs. consensus at $2.81 bil.), and an EPS beat ($2.05 vs. consensus of $1.97).
Adobe gave revenue guidance of... More
September 17, 2019 4:06 PM EDT
Adobe Systems (NASDAQ: ADBE) reported Q3 EPS of $2.05, $0.08 better than the analyst estimate of $1.97. Revenue for the quarter came in at $2.83 billion versus the consensus estimate of $2.82 billion.
GUIDANCE:
Adobe Systems sees Q4 2019 EPS of $2.25, versus the consensus of $2.30. Adobe... More
