Company Earnings UpdateAdobe (NASDAQ: ADBE) 3Q19 Results: Beats Consensus on EPS with Strong Magento Bookings, But 4Q Guidance Lags Consensus Coresight Research September 18, 2019 Executive Summary Adobe reported record 3Q19 revenues of $2.83 billion, up 23.7% year over year and in line with the consensus estimate of $2.82 billion. Adjusted EPS was $2.05, up 18.4% year over year and beating the consensus estimate of $1.97. Digital Experience revenue was $821 million, up 34% year over year, which includes Magento and Marketo. The integration of Adobe Experience Manager with Magento Commerce has led to strong performance in the integrated content and commerce offering, and Magento Commerce bookings grew more than 40% in the quarter. 4Q revenue guidance of $2.97 billion was slightly below the $3.02 billion consensus estimate and adjusted EPS guidance of $2.25 was also below the $2.30 consensus estimate. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Taking the Temperature on Tariffs Ahead of August 1: How Are Different Consumer Groups Reacting? US Consumer Survey Insights ExtraFinancial Optimism Falls to Lowest Recorded Level: China Consumer Survey InsightsThree Data Points We’re Watching This Week, Week 33: US Consumers’ Tariff PerceptionsWho Shops Where? 2025 Shopper Demographics: US Consumer Survey Insights Extra
