Adobe backs Q4 EPS view of roughly $1.87, consensus $1.89
Backs Q4 revenue view $2.42B, consensus $2.42B. Adobe today will host a financial analyst meeting with investors and financial analysts at its Adobe MAX Creativity Conference. At today's meeting in Los Angeles, Adobe's executive team will discuss the company's expanded growth opportunities and strategies across each of its major businesses. As part of its presentation, Adobe will outline numerous growth drivers and show research data that the company's total addressable market has expanded from approximately $83B in 2020 to approximately $108B by 2021. Adobe is reaffirming its current Q4 fiscal year 2018 revenue and earnings per share targets. The company is also providing preliminary growth targets for fiscal year 2019. These targets do not reflect Adobe's planned acquisition of Marketo, which the company expects to close during Q4 fiscal year 2018. "Our strategy of empowering people to create and transforming how businesses compete is leading to larger addressable market opportunities and the potential for accelerated revenue and earnings growth," said Shantanu Narayen, president and CEO, Adobe. "Our 2019 growth targets reflect our continued momentum and market leadership."