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BUZZ--Adobe sinks to near two-year low after Q2 revenue forecast

Reuters
2025/03/14
BUZZ--<a href="https://laohu8.com/S/ADBE">Adobe</a> sinks to near two-year low after Q2 revenue forecast

** Shares of Photoshop maker Adobe ADBE.O fall as much as 13.2% to a near two-year low of $380.71

** ADBE late on Wednesday forecast second-quarter revenue that was in line with estimates as it grapples with slower monetization of its artificial intelligence offerings while facing tough competition from startups** At least 15 brokerages cut their PTs on stock after the results

** Co expects Q2 revenue between $5.77 billion and $5.82 billion, in line with estimates according to data compiled by LSEG

** ADBE fell 13.7% on December 12 after it issued a downbeat annual revenue forecast; Shares are down ~33% in past 12 months

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com;))

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