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Adobe's net profit in the third quarter was $793 million, up 19.1% from a year earlier.

via:博客园     time:2019/9/18 8:00:29     readed:59

Tencent Technology News, according to foreign media reports, Adobe (Nasdaq securities code: ADBE) Tuesday after trading released the third quarter of fiscal year 2019 ended August 30 results. Revenue for the third quarter, based on General Accounting Standard (GAAP), Adobe, reached an all-time high of $2.83 billion, up 24 percent from $2.291 billion a year earlier, and net profit was $793 million, up 19.1 percent from $666 million a year earlier, according to the results.

In the third quarter ended August 30, Adobe's revenue was $2.834 billion, up 24 percent from a year earlier, compared with $2.291 billion a year earlier. Subscription revenue was $2.547 billion, compared with $2.022 billion a year earlier; product revenue was $157 million, compared with $149 million a year earlier; and services and support revenue was $130 million, compared with 120 million yuan a year earlier. Adobe's third-quarter revenue exceeded market analysts' expectations of $2.82 billion.

Adobe's total revenue cost in the third quarter was $416 million, compared with $295 million in the same period last year. Among them, the revenue cost of subscription business was $304 million, compared with $199 million in the same period last year; the revenue cost of product business was $9.1 million, compared with $11.5 million in the same period last year; and the revenue cost of service and support business was $103 million, compared with $84.9 million in the same period last year.

Adobe's operating profit in the third quarter was $854 million, compared with $719 million in the same period last year. Based on non-GAAP, Adobe's operating profit was $1.153 billion, compared with $925 million in the same period last year.

Adobe's net profit for the third quarter was $793 million, up 19.1 percent from $666 million a year earlier. Basic and diluted earnings per share were $1.63 and $1.61, respectively, compared with $1.36 and $1.34 a year earlier. Based on non-U.S. general accounting standards, Adobe's net profit for the third quarter was $1.006 billion, up 17.0 percent from a year earlier, compared with $860 million a year earlier. Diluted earnings per share based on non-U.S. general accounting standards were $2.05, up from $1.73 a year earlier, surpassing market analysts' average forecast of $1.97.

Adobe had operating cash flows of $922 million in the third quarter; Adobe bought back about 2.6 million shares in the quarter.

Adobe expects fourth-quarter revenue of about $2.97 billion, below market expectations of $3.03 billion. Of this, revenue in the digital media division will rise 20 percent from a year earlier; revenue in the digital experience division will grow by about $1.68 a share in the fourth quarter of 23%.Adobe from a year earlier; and earnings per share in the fourth quarter of Adobe will be about $2.25, below market expectations of $2.30, based on non-U.S. general accounting standards.

Adobe shares rose $1.76, or 0.62%, to $284.69 on Tuesday on the Nasdaq Stock Exchange. In after-hours trading after the release of earnings, Adobe shares fell $8.68 to close at $276.01, or 3.05%, due to lower performance expectations than market expectations. Over the past 52 weeks, Adobe shares have traded as high as $204.95 and as low as $313.11. According to Tuesday's closing price, Adobe's market value is about $138.2 billion. (Tencent Science and Technology Compilation/Mingxuan)

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