Why Adobe Stock Crashed 12% After Earnings
Adobe ( ADBE -12.68%) stock tumbled 12.4% through 10:30 a.m. ET Thursday despite beating earnings in its fiscal Q4 2024 report last night. Heading into the report, analysts forecast Adobe would earn $4.67 per share on $5.5 billion in sales. In fact, Adobe earned $4.81 per share, and its sales exceeded $5.6 billion.
Stocks were slightly lower in midday trading Thursday as the equities market gave back some of the previous session's big ...
The Photoshop maker’s stock has underperformed this year as it forecasts slower revenue growth, even as the company exceeds ...
Adobe’s management team is bullish on the AI opportunity in creative services, but Wall Street is growing impatient on the ...
Adobe’s (ADBE) fiscal Q4 earnings are set to be released on December 11th, after the market close. I remain bullish on Adobe ...
Matthew Swanson, an RBC analyst, pointed out that while Adobe has made bold strides with tools like its Firefly AI suite, the absence of clear monetization metrics is making investors uneasy. Adobe is ...
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