Adobe Shares Plummet 12% After Lowering Outlook—Despite Record Revenue

ToplineShares of Adobe dropped by more than 12% on Thursday, putting the Photoshop maker’s stock on pace for its worst loss in nearly nine months after lowering its revenue forecast for the current fiscal year, despite reporting record revenue and earnings that beat out Wall Street’s expectations.The Photoshop maker’s stock has underperformed this year as it forecasts slower revenue growth, even ... [+] as the company exceeds Wall Street’s estimates.SOPA Images/LightRocket via Getty Images Key FactsAdobe’s ...