** 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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