Media reported that the stock movement reflected the revenue outlook being below certain market estimates. Shantanu Narayen, chair and CEO, said, "Adobe delivered record FY24 revenue, ...
Shares in the Photoshop maker sank 10% in premarket trading after its fiscal-2025 earnings and sales forecasts undershot Wall Street's estimates. ↗️ Tesla (TSLA): The stock ...
In addition, Adobe faces growing competition from rivals in the artificial intelligence industry, such as Stability AI Inc., OpenAI and Midjourney Inc., which all provide access to tools that can ...