Adobe Stock Dives on Disappointing Outlook
Adobe(ADBE) Investopedia·2024-09-12 22:41Key TakeawaysAdobe reported fiscal third-quarter earnings and revenue that topped expectations.However, its outlook for the fourth quarter missed analysts' estimates.Adobe shares tumbled in extended trading Thursday following the company's earnings release. Adobe (ADBE) shares tumbled in extended trading Thursday after the company’s fiscal fourth-quarter outlook fell short of analysts' expectations. The software company said it anticipates revenue of between $5.50 billion and $5.55 billion for the fourth qu ...