Stephens Reiterates Overweight Rating on Adobe (ADBE)
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Adobe Reports Record Revenue
September 17, 2019 4:05 PM EDTQ3 Results Include 24 Percent Year-Over-Year Revenue Growth and Record Adobe Document Cloud Net New ARR
SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today reported financial results for its third quarter fiscal year 2019 ended Aug. 30, 2019.
Q3 FY2019 Financial Highlights
Adobe achieved record quarterly revenue of $2.83 billion in its third quarter of fiscal year 2019, which represents 24 percent year-over-year growth. Diluted earnings per share was $1.61 on a GAAP-basis, and $2.05 on a non-GAAP basis. Digital Media segment revenue was $1.96 billion, which represents 22 percent year-over-year growth. Creative revenue... More