Adobe stock gains after company sees better 2019

Adobe stock gains after company sees better 2019

Adobe Inc. ADBE, -4.36% shares rose nearly 4% in the extended session Monday after the software company reaffirmed its 2018 sales and profit targets and said it expects revenue 20% higher for 2019. Adobe said it was on track to reach fiscal fourth-quarter revenue of $2.42 billion, GAAP fourth-quarter per-share earnings of $1.42, and adjusted EPS of $1.87. The targets do not reflect Adobe’s pending acquisition of Marketo, the company said. Adobe said it plans to report fourth-quarter earnings on Dec. 13. Shares ended the regular trading day down 4.3%.

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