Why Did Adobe Stock Crash After Earnings?
This could be a buy-the-dip opportunity for long-term investors.
Adobe shares drop 12% on weak quarterly revenue guidance
Adobe shares fell 12% during premarket trading on Friday morning after the company reported weak revenue forecast for the current quarter.
Adobe Stock Reaches Turning Point as Market Outlook is Reset
Adobe's NASDAQ: ADBE solid performance and outlook for growth will continue to support the price action over time, suggesting a buying opportunity with the post-release dip. The market is down more...
Adobe Stock Drops 11% Despite Earnings Beat, as Revenue Guidance Is Lower Than Wall Street Expected
Fiscal Q1 revenue grew 11% year over year, beating the 10% Wall Street had expected. The quarter's adjusted earnings per share (EPS) jumped 18%, surpassing the 15% analyst consensus estimate.
Adobe drops as weak forecast fans worries about competition, AI efforts
Adobe's shares fell 12% on Friday as the company's lackluster quarterly forecast raised fears about strong competition and disappointed investors who were hoping for a boost from generative AI inte...
Adobe Still Favored by Wall Street Analysts Even as Traders Pull Back
There are concerns that Adobe is facing increasing competition in its artificial intelligence offerings, for example from Microsoft-backed OpenAI's Sora software that can convert text to video.
Adobe Inc. (ADBE) Q1 2024 Earnings Call Transcript
Adobe Inc. (NASDAQ:ADBE) Q1 2024 Earnings Conference Call March 14, 2024 5:00 PM ET
Adobe had a strong quarter, but stock sinks as analysts want more digital-media revenue
Adobe Inc.'s stock dipped 11% in extended trading Thursday after the company posted robust quarterly results that highlighted its AI push ahead of its annual developers conference. The company also...
Adobe earnings top estimates, Q2 outlook disappoints, company announces stock buyback program
Adobe reported fiscal first quarter results that topped Wall Street estimates on both the top and bottom lines. The software company reported adjusted earnings per share of $4.48 compared to estima...
Markets Pull Back on Consumer Spending Concerns
From October lows, all four major indices are trading extraordinarily higher.
Adobe Systems (ADBE) Tops Q1 Earnings and Revenue Estimates
Adobe Systems (ADBE) came out with quarterly earnings of $4.48 per share, beating the Zacks Consensus Estimate of $4.38 per share. This compares to earnings of $3.80 per share a year ago.
Adobe Stock Tumbles After Reporting Record Quarterly Revenue, Soft Guidance
Adobe (ADBE) shares tumbled over 10% in after-hours trading Thursday as the company reported first-quarter earnings beating analyst estimates, but issued soft guidance for the second quarter.
Adobe (ADBE) & Ulta (ULTA) Earnings Just Released
Adobe's (ADBE) 1Q adjusted EPS came in at $4.48 versus an estimated $4.38 and its revenue came in at $5.18B versus an estimated $5.13B. Ulta's (ULTA) 4Q adjusted EPS came in at $8.08 versus an esti...
Adobe CEO Shantanu Narayen: Firefly adoption in Photoshop and Illustrator 'pretty good'
Adobe CEO Shantanu Narayen joins 'Closing Bell Overtime' to talk Adobe Q1 results, embracing generative AI, stock buybacks and more.
Adobe forecasts downbeat second-quarter revenue
Adobe forecast second-quarter revenue below analysts' estimates on Thursday following stiff competition and weak demand for its artificial intelligence-integrated photography, illustration and vide...
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