Adobe shares slide on weaker-than-expected forecast for 2024
Publishing timestamp: 2023-12-14 12:09:36
Summary
Adobe's fiscal fourth-quarter results exceeded expectations, with earnings per share of $4.27 and revenue of $5.05 billion. However, the guidance for fiscal 2024 fell short of estimates, causing Adobe shares to drop more than 6%. The company is also awaiting a decision from the U.S. Department of Justice regarding its pending Figma acquisition.
Sentiment: MIXED
Tickers: ADBE,
Keywords: business news, enterprise, breaking news: earnings, earnings, technology, business, adobe inc., breaking news: technology,
Source: https://www.cnbc.com/2023/12/13/adobe-adbe-q4-earnings-report-2023.html