Adobe stock falls after hours on slashed guidance, earnings miss
Like some other large software companies, Adobe pointed to foreign-exchange rates when it announced its latest forecast.
Stay updated with breaking news from Dan Durn. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Like some other large software companies, Adobe pointed to foreign-exchange rates when it announced its latest forecast.
Adobe cited foreign-exchange challenges, along with other software companies, as well as the war in Ukraine when it gave lower-than-expected guidance.
Adobe cited foreign-exchange challenges, along with other software companies, as well as the war in Ukraine when it gave lower-than-expected guidance.
There are some big investor concerns heading into Thursday's earnings report.
Adobe's stock has lost 40% of its value from its November highs as SaaS stocks got de-rated. Read more to find out if ADBE stock is a good growth stock.