Adobe Stock Drops as Revenue Forecast Disappoints

Adobe (ADBE) issued a revenue outlook that came in below analysts’ expectations, sending shares lower in extended trading Wednesday.  The Creative Cloud software provider projected 2025 revenue of $23.3 billion to $23.55 billion, below the analyst consensus of $23.77 billion from Visible Alpha. Its first-quarter revenue forecast of $5.63 billion to $5.68 billion also fell short of expectations. In its fiscal fourth-quarter, Adobe delivered revenue of $5.61 billion, up 11% year-over-year, and above the anal ...