Adobe Stock News

Adobe Inc. (NASDAQ:ADBE ) Q3 2024 Earnings Conference Call September 12, 2024 5:00 PM ET Company Participants Jonathan Vaas - Vice President of Investor Relations Shantanu Narayen - Chair and Chief Executive Officer David Wadhwani - President, Digital Media Business Anil Chakravarthy - President, Digital Experience Business Dan Durn - Executive Vice President and Chief Financial Officer Confere...

Adobe (ADBE) shares tumbled in extended trading Thursday after the company's fiscal fourth-quarter outlook fell short of analysts' expectations.

Adobe reported third-quarter results on Thursday that beat Wall Street expectations for sales and earnings. But the stock slid in extended trading on fourth-quarter guidance that came up short.

Photoshop maker Adobe forecast fourth-quarter earnings below analysts' estimates on Thursday, signaling stiff competition and soft demand for its AI-integrated editing tools amid challenging economic conditions.

Adobe hit a revenue record in the latest quarter.

The company posted revenue of $5.4 billion in in latest quarter.

Adobe beat Wall Street's targets for its fiscal third quarter, but its guidance for the current period missed estimates. ADBE stock fell.

UPDATE—Sept. 12, 2024: This article has been updated to reflect more recent share price information.