Company Earnings Update 4 minutesRegister for Free AccessAdobe (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? Register for a free user account. This document was generated for Other research you may be interested in: Weinswig’s Weekly: Introducing Temu, the New Entrant in US E-Commerce2023 US Tax Tracker #4: Post-Tax-Day Wrap-Up—IRS Issues $237 Billion in Refunds, Coresight Research Survey Reveals Consumers’ Plans for Tax RefundsMay 2023 Monthly Consumer Update: US, UK and ChinaSeasonal Shopping, 2Q24—Expectations for Memorial Day, Mother’s Day, Father’s Day and Holiday 2024: US Consumer Survey Insights Extra