Adobe Earnings Beat Expectations. Why Stock Is Falling.
Adobe Stock Falls: Time to Buy?
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Adobe Earnings Beat Expectations. Why the Stock Is Falling.
Adobe delivered another set of strong results on Thursday, with August quarter sales and earnings topping most forecasts. But guidance for the November fiscal quarter slightly lagged behind the average Wall Street forecast.
Adobe’s stock falls on downbeat forecast and softer demand for AI tools
Shares of Adobe Inc were trending lower in extended trading today after the company offered light guidance that fell short of analysts’ expectations. The lower forecast signals that it’s facing stiff competition, resulting in softer demand for its artificial intelligence-powered editing tools.
3 Reasons Why Adobe Stock Could Continue to Fall, and 2 Reasons It's Still Worth Buying Now
Share prices of Adobe ( ADBE -2.86%) sold off after the company reported its fiscal 2024 third-quarter results on Sept. 12 and management offered weak guidance for the rest of the year. The stock now trades down by more than 10% year to date compared to an over 14% gain in the tech sector and a 17.8% gain for the Nasdaq Composite.
Adobe Falls Most in Six Months on Disappointing Sales Outlook
Adobe Inc. shares slid by the most in six months after the company issued an outlook that disappointed investors who are growing impatient to see new artificial intelligence tools generate cash.
Adobe Stock Dives on Disappointing Outlook
Key Takeaways Adobe reported third-quarter earnings and revenue that topped expectations.However, its outlook for the fourth quarter missed analysts' estimates.Adobe shares tumbled in extended trading Thursday following the company's earnings release.
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Earnings Preview: What To Expect From Adobe
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Adobe: Time To Get Greedy (Rating Upgrade)
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