Adobe Inc. (ADBE)
Adobe shares slump as AI software competition hits earnings forecast
Shares of Adobe fell over 8% in premarket trading on Friday, after the Photoshop maker's disappointing quarterly earnings forecast sparked fears that returns from its push towards artificial intelligence design will take longer to materialize.
Adobe Stock: Time To Buy The Dip
Adobe stock fell 9.1% after its Q3-2024 results, mainly due to slightly lower-than-expected guidance, but the drop seems overdone. Despite the guidance miss, ADBE beat revenue and EPS expectations, showing strong operational performance and cash flow growth. The valuation is now reasonable, implying attainable FCF per share growth over the next decade, making Adobe a long-term buy.
Adobe Earnings: Priced Too Perfectly
Adobe's outlook led to a 9% sell-off, with bulls seeing value and bears questioning growth, making it a battleground stock. Adobe's AI enhancements improve productivity, but rising competition in AI-driven tools threatens its dominance and growth prospects. Despite guiding for 11% y/y revenue growth, Adobe's growth is slowing, and its valuation at 25x next year's EPS isn't enticing.
Watch These Adobe Price Levels After Stock Plunges on Light Outlook
Adobe (ADBE) shares tumbled in extended trading on Thursday after the digital multimedia software maker issued a disappointing current-quarter outlook that overshadowed better-than-expected results for its fiscal third quarter.
Adobe Inc. (ADBE) Q3 2024 Earnings Call Transcript
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 Conference Call Participants Alex Zukin - Wolfe Research Mark Murphy - JPMorgan Keith Bachman - BMO Capital Markets Saket Kalia - Barclays Jay Vleeschhouwer - Griffin Securities Tyler Radke - Citi Brent Thill - Jefferies Operator Good day and welcome to the Q3 FY'24 Adobe Earnings Conference Call. Today's conference is being recorded.
Markets Up for the Week (So Far) on Inflation and Jobs
On the path to a lower Fed funds rate next week for the first time in years, CPI, PPI and Jobless Claims numbers performed decently.
Adobe (ADBE) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for Adobe (ADBE) give insight into how the company performed in the quarter ended August 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Adobe Stock Dives on Disappointing Outlook
Adobe (ADBE) shares tumbled in extended trading Thursday after the company's fiscal fourth-quarter outlook fell short of analysts' expectations.
Adobe Systems (ADBE) Q3 Earnings and Revenues Beat Estimates
Adobe Systems (ADBE) came out with quarterly earnings of $4.65 per share, beating the Zacks Consensus Estimate of $4.53 per share. This compares to earnings of $4.09 per share a year ago.
Adobe stock slips on soft fourth-quarter revenue guidance
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.
Adobe forecasts downbeat quarterly earnings on cautious tech spending
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 earnings report brings records, but stock falls as outlook underwhelms
Adobe hit a revenue record in the latest quarter.
