Company Earnings Update 4 minutesRegister for Free AccessAdobe (NASDAQ: ADBE) 2Q19 Results: Beats Consensus Estimates, Strong Digital Experience Growth, Light Guidance Coresight Research June 19, 2019 Executive Summary Adobe reported fiscal 2Q19 revenues of $2.72 billion, up 25.0% year over year and beating the consensus estimate of $1.78 billion. Adjusted EPS was $1.83, up 10.2% year over year and beating the consensus estimate of $1.78. Digital Experience revenue was $784 million, up 34% year over year, which includes Magento and Marketo. The segment attracted new customers and grew Adobe’s addressable market. Fiscal 3Q19 revenue guidance of $2.80 billion was slightly below the $2.83 billion consensus estimate and adjusted EPS guidance of $1.95 was below the $2.05 consensus estimate. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Consumers Pursue Conflicting Anti-Inflation Strategies: US Consumer Tracker 2023, Week 23US CPG Sales Tracker: Food & Beverages Category Supports Sustained Mid-Teens CPG E-Commerce GrowthUS Consumer Tracker: Consumers Move Grocery Shopping OnlineCoresight Bites: Which US Consumers Are Most Sensitive to Inflation?
