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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Adobe Inc | NASDAQ:ADBE | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 476.57 | 476.90 | 477.50 | 33 | 09:36:25 |
From May 2019 to May 2024
By Allison Prang
Adobe Inc. (ADBE) is expecting revenue for the first quarter of the fiscal year to be lower than analysts' consensus estimate.
The company said it expects revenue to be $13.15 billion in the 2020 fiscal year. Analysts polled by FactSet are expecting $13.16 billion. Adobe said it expects digital media segment revenue to increase 19% and digital experience segment revenue to increase 16%.
It expects fiscal 2020 earnings to be $7.40 a share and adjusted earnings to $9.75 a share.
Adobe is expecting revenue of $3.04 billion in the first quarter. Analysts are expecting $3.09 billion.
The company is guiding for earnings to be $1.76 a share and for adjusted earnings to be $2.23 a share.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
December 12, 2019 16:42 ET (21:42 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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