Adobe Investors Focus On AI Potential Following Scrapped Figma Buyout
Investors have bid up Adobe shares since the proposed Figma acquisition was terminated in mid-December because they are bullish on the company's Firefly generative AI opportunity.
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Investors have bid up Adobe shares since the proposed Figma acquisition was terminated in mid-December because they are bullish on the company's Firefly generative AI opportunity.
MIAMI--(BUSINESS WIRE)--Dec 20, 2023--
Operator: Good day, and welcome to the Q4 and FY 2023 Adobe Earnings Conference Call. Today's conference is being recorded.
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A tepid sales outlook gouged Adobe shares as the company forecast first-quarter sales of between $5.1 billion and $5.15 billion. Analysts are expecting about...