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Adobe Systems -3% despite Q2 beats (update)

Published 06/14/2018, 04:23 PM
© Reuters.  Adobe Systems -3% despite Q2 beats (update)
ADBE
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  • Adobe Systems (NASDAQ:ADBE) drops 3% aftermarket on Q2 results that beat EPS and revenue estimates with a 24% Y/Y revenue growth. Upside Q3 guidance from the conference call transcript has revenue at $2.24B (consensus: $2.22B) and EPS at $1.68 (consensus: $1.64).
  • Key metrics: Digital Media revenue, $1.55B; Digital Media Annualized Recurring Revenue, $6.06B; Digital Experience revenue, $586M; cash flow from operations, $976M; deferred revenue, $2.63B; operating expenses, $1.22B; cash and equivalents, $2.99B.
  • Earnings call is scheduled for 5 PM Eastern with a webcast available here.
  • Press release.
  • Previously: Adobe Systems beats by $0.12, beats on revenue (June 14)
  • Now read: Adobe Systems To Acquire Magento Commerce For Integrated Ecommerce


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