Adobe Guides Full Year Revenue Above Estimates

Adobe Systems, a software company, said it expects full year 2017 revenue of $7.09 billion, topping the $6.99 billion average estimate from analysts polled by Capital IQ. Full year adjusted earnings per share is anticipated at $3.75, short of the Street projection of $3.83.

Q1 revenues are expected at $1.64 billion, topping the Street projection of $1.63 billion. Q1 adjusted EPS is anticipated at $0.87, in line with the Street estimate of $0.87. The guidance reflects Adobe’s acquisition of TubeMogul, completed Dec. 19.

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