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: From Prohibition to Participation: Measuring the Impact of Cannabis and Psychedelic Mushroom Legalization on Consumer Spending2026 Sector Outlook: US Apparel and Footwear Retailing—Moderate Growth in a Stabilizing Macro EnvironmentFinancial Optimism Falls to Lowest Recorded Level: China Consumer Survey InsightsHoliday Bites—Prime Big Deal Days, Walmart Deals, Target Circle Week and Kohl’s Cyber Deals: Consumer Participation—Data Graphic
