Adobe Shares Fall 9% After Lowering Outlook—Despite Beating Revenue, Earnings Estimates
Adobe’s stock slid 9% on Friday after the company reported a lower forecast for its upcoming quarter than expected, bringing the software firm’s shares down into the negative for the year despite beating estimates for earnings and revenue.
Adobe shares slump as weak earnings forecast sparks fears of delayed AI gains
Shares of Adobe fell nearly 10% on Friday, after the Photoshop maker's disappointing quarterly earnings forecast sparked fears that returns from its push towards artificial intelligence design will take longer to materialize.
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.
Adobe Earnings Beat Forecasts but Guidance Disappoints. 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 shares slump as AI software competition hits earnings forecast
Shares of Adobe fell over 8% in premarket trading on Friday, after the Photoshop maker's disappointing quarterly earnings forecast sparked fears that returns from its push towards artificial intelligence design will take longer to materialize.
Adobe Stock Falls: Time to Buy?
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, ...
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 ...
These Analysts Are Bullish on Adobe Stock Despite Its Tumble—Here’s Why
Adobe shares tumbled Friday on the software maker's weaker-than-expected outlook, but analysts said they're still ...
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I tried Adobe's AI text generator, and it has real potential
AI image generators have got a lot better at rendering words, and some can now generate legible text in image on demand at ...
Why Adobe Stock Is Down So Much Today
Weak guidance raised questions about the software company's competitiveness in the current AI-centric environment.
Adobe Outperforms Q3 Estimates But Adjusts Its Guidance To A Challenging Environment
Adobe Inc (NASDAQ: ADBE) reported its third quarter results, surpassing Wall Street’s estimates for both the top and bottom ...
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Adobe Photoshop Review: Why Its AI Tools Keep It Unbeatable
The pinnacle of image editing software. The first time I opened it, I felt both in awe and overwhelmed by its capabilities. I ...
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Text-to-video is coming to Premiere Pro as Adobe adds AI tricks to its video editor
You'll soon be able to generate video in Adobe software, just by typing a prompt. We explain why this may be useful for filmmakers and video editors ...
Can Adobe Become an AI Winner?
Adobe grew its fiscal Q3 revenue nicely by 11% to $5.41 billion, which was above the company's guidance range of $5.33 ...