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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 7.09 | 1.51% | 476.48 | 474.40 | 476.19 | 477.155 | 468.2994 | 474.30 | 2,535,406 | 00:59:15 |
From May 2019 to May 2024
By Aisha Al-Muslim
Software company Adobe Inc. (ADBE) on Tuesday provided its financial targets for the third quarter that missed analysts' expectations.
For the quarter, the company guided total revenue of $2.8 billion, compared with estimates of $2.83 billion by analysts polled by Refinitiv.
Digital media segment revenue for the quarter is expected to grow 20% year-over-year, while digital experience segment revenue is projected to increase by 34%.
The company guided earnings per share of $1.40 for the quarter, compared with analysts' estimates of $1.47 a share.
The company also guided adjusted earnings per share of $1.95, compared with analysts' estimates of $2.05 a share.
Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com
(END) Dow Jones Newswires
June 18, 2019 16:50 ET (20:50 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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