Company Earnings UpdateAdobe (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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Tariffs and Earnings: What Companies Have Reported—Data GraphicUS Retail Sales Outlook: Retail Sales Projections Moderate for the Holiday QuarterEssential Guide to Shoptalk Fall 2025: Turning Current Challenges into Long-Term Strengths with Retail AlchemySycamore Partners To Acquire Walgreens Boots Alliance—Exploring the Reasons for and Implications of the $23.7 Billion Deal
