It Will Take a While Before Adobe Unlocks Its AI-Enhanced Creativity Potential
On Thursday, Adobe Inc (NASDAQ: ADBE) reported its fiscal third quarter earnings with top and bottom lines exceeding Wall Street estimates. But shares of the Photoshop and Acrobat maker fell 3.4% due to a muted guidance and Adobe’s indication it may take longer for AI price increases to make their way to the bottom line, with these two headwinds overshadowing solid quarterly performance results. Third Quarter Highlights For the quarter that ended on September 1st, revenue rose 10% YoY to ...
Source: yahoo.com