Adobe shares drop 13% on weak quarterly revenue guidance
Publishing timestamp: 2024-03-15 10:53:33
Summary
Adobe shares fell 13% after beating estimates but delivering a light quarterly revenue forecast. Analysts have mixed opinions, with some lowering price targets and others expressing optimism about the company's AI offerings.
Sentiment: MIXED
Tickers: ADBE,
Keywords: business, adobe inc., business news, earnings, breaking news: technology, technology,
Source: https://www.cnbc.com/2024/03/15/adobe-shares-drop-12percent-on-weak-quarterly-revenue-guidance-.html