Adobe Inc

NASDAQ:ADBE   3:38:05 PM EDT
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Other Pre-Announcement

Adobe Reports Q3 GAAP Earnings Per Share $1.97

Published: 09/15/2020 21:29 GMT
Adobe Inc (ADBE) - Adobe Reports Record Revenue.
Q3 Revenue $3.23 Billion Versus Refinitiv Ibes Estimate of $3.16 Billion.
Q3 GAAP Earnings per Share $1.97.
Q3 Earnings per Share Estimate $2.41 -- Refinitiv Ibes Data (analyst estimates).
Q3 Results Include $1.44 Billion in Operating Cash Flows and Rpo Surpassing $10 Billion.
Q3 Non-GAAP Earnings per Share $2.57.
Digital Media Annualized Recurring Revenue ("arr") Increased $458 Million Quarter-over-quarter to $9.63 Billion Exiting Quarter.
Sees Q4 Revenue About $3.35 Billion.
Q4 Revenue View $3.36 Billion -- Refinitiv Ibes Data (analyst estimates).
Sees Q4 GAAP Earnings per Share of $4.29.
Sees Q4 Non GAAP Earnings per Share About $2.64.
Q4 Earnings per Share View $2.64 -- Refinitiv Ibes Data (analyst estimates).
Sees About $540 Million of Net New Arr for Digital Media Segment in Q4.