Technology

Adobe Systems (ADBE) issued a “good” fiscal Q4 guidance following “impressive” results in fiscal Q3, Oppenheimer said in a note to clients Friday. For fiscal Q3, the company saw another 10% plus beat in net new digital media annual recurring revenue, mid-teen’s digital media revenue growth and the fastest earnings per share growth in two years, according to the note. “Adobe had an excellent quarter, and we carry a favorable view of management’s execution and its future,” Oppenheimer analysts said. The company estimates fiscal Q4 revenue of $4.98 billion to $5.03 billion and non-GAAP earnings of $4.10 to $4.15 per share. Analysts surveyed by Capital IQ expect revenue of $5.02 billion and non-GAAP EPS of $4.14. Adobe also expects net new digital media ARR of about $520 million and digital media revenue of $3.67 billion to $3.70 billion, compared with analysts’ consensus of $463 million and $3.66 billion, respectively.

Adobe (NASDAQ:ADBE) reported quarterly earnings of $4.09 per share which beat the analyst consensus estimate of $3.98 by 2.76 percent. This is a 20.29 percent increase over earnings of $3.40 per share from the same period last year. The company reported quarterly sales of $4.89 billion which beat the analyst consensus estimate of $4.87 billion by 0.41 percent. This is a 10.31 percent increase over sales of $4.43 billion the same period last year.

Adobe Guides For Q4 EPS of $4.10-$4.15, Vs CIQ Analyst Consensus of $4.06/Share.

Adobe Sees 4Q Revenue $4.975 B to $5.025 B.

Adobe Systems (NASDAQ:ADBE) reported fiscal Q3 non-GAAP earnings  of $4.09 per share, up from $3.40 a year earlier. Analysts polled by Capital IQ expected $3.98. Revenue for the quarter ended Sept. 1 was $4.89 billion, up from $4.43 billion a year earlier. Analysts surveyed by Capital IQ expected $4.87 billion. The software company said it expects fiscal Q4 non-GAAP EPS between $4.10 and $4.15 and revenue between $4.98 billion and $5.03 billion. Analysts are expecting $4.06 and $5 billion, respectively.