Adobe falls as annual revenue forecast triggers concerns on delayed AI returns
Shares of Adobe fell nearly 10% in premarket trading on Thursday after the Photoshop maker's downbeat full-year revenue forecast led to concerns that returns from AI investments into its software applications might take longer than expected.
Adobe’s weak forecast stokes fears of AI disruption, sending its stock lower
In terms of fiscal 2025 revenue, Adobe is guiding for a range of $23.3 billion to $23.6 billion, trailing the analyst’s forecast of $23.8 billion. Adobe’s stock was down more than 9% after-hours, completely erasing a slight gain it had made earlier during the regular trading session.
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