Categories AlphaGraphs, Earnings, Technology

Earnings Preview: Adobe buckles up for Q1 2019 results

Iconic software giant Adobe Systems (ADBE) is scheduled to announce its first-quarter 2019 earnings on Thursday, March 14, after the closing bell.

The company itself expects adjusted earnings of $1.60 a share and unadjusted earnings of $1.14 per share, on revenues of $2.54 billion.

Adobe Systems fourth quarter 2018 Earnings Infographic

In the previously reported fourth quarter, Adobe saw its adjusted earnings jump 45% year-over-year, but it still fell short of estimates — sending the stock down shortly after the results announcement.

Despite a massive 23% climb in quarterly revenues, the market was not impressed.

Earlier in January, Adobe announced an organizational change following the resignation of Executive Vice President and General Manager of its Digital Experience business Brad Rencher. “Coming off of a record 2018 and the acquisitions of Magento and Marketo, Adobe CEO Shantanu Narayen will create a broad new organization that includes product, sales, marketing, services and support,” Adobe said in a statement.

(This article will be updated continually on the days approaching the earnings announcement.)

Earnings Calendar: Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Key highlights from Halliburton (HAL) Q1 2021 earnings results

Halliburton Company (NYSE: HAL) reported first-quarter 2021 earnings results today. Total revenue decreased by 31% to $3.45 billion from $5.03 billion year on year. The company had a net income

Key highlights from Intuitive Surgical (ISRG) Q1 2021 earnings results

Intuitive Surgical, Inc. (NASDAQ: ISRG) reported first quarter 2021 earnings results today. Revenues increased 18% year-over-year to $1.29 billion, driven by growth in da Vinci procedures and system placements. GAAP net income

Earnings Infographic: Netflix (NFLX) subscriber growth slows; Q1 results beat

Netflix, Inc. (NASDAQ: NFLX) Tuesday said its first-quarter 2021 earnings more than doubled. Both revenues and profit topped the Street view, but the streaming giant's subscriber growth decelerated. At the

Add Comment
Viewing Highlight