Adobe’s stock has been an AI laggard. A ho-hum earnings forecast is adding to its declines.
Adobe Systems Inc. shares fell in after-hours trading Wednesday after disappointing quarterly earnings guidance, amid criticism on Wall Street that the software company is not yet monetizing artificial intelligence.
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Not only that, but Adobe reported $2.5 billion in positive free cash flow for the quarter, twice last year's $1.2 billion, ...
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Why Adobe (ADBE) Shares Are Getting Obliterated TodayShares of creative software maker Adobe (NASDAQ:ADBE) fell 13.2% in the morning session after the company reported ...
For context, this time last year, in fiscal Q1 2024, Adobe's balance sheet held $3.1 billion of net cash. Today, its net cash ...
Adobe’s decline was mainly due to its disappointing forward guidance. Q2 revenue forecast came in at $5.77–$5.82 billion vs.
Adobe CEO says the company has not been slow with AI monetisation. He explained how in an interview with CNBC on Thursday ...
Adobe shares fell on Thursday as investors fretted over lingering growth concerns and the company’s artificial intelligence ...
Adobe's AI revenue falls short of expectations, casting doubt on growth. Find out why ADBE stock is a strong sell, with a ...
Adobe beat analyst expectations in the first quarter, delivering 10% revenue growth and much improved operating cash-flow generation. With the creative software industry at risk of disruption from ...
U.S. stock futures are ticking lower after indexes mostly rebounded yesterday, wholesale pricing data is due today, and Intel ...
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Adobe analysts come away with positives from the company's Q1 results, including more visibility in AI monetization efforts.
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