** Photoshop maker Adobe's ADBE.O shares fall 6.7% to $513 aftermarket
** Co expects its FY25 revenue to be in the range of $23.30 bln to $23.55 bln vs Wall Street's estimates of $23.78 bln
** On a non-GAAP basis it expects FY25 profit to be between $20.20 and $20.50 per share, marginally missing analysts' estimates of $20.54 per share
** However, the company reported Q4 revenue of $5.61 bln, above estimates of $5.54 bln
** Its quarterly adj EPS of $4.81/shr beats estimates of $4.66/shr
** We expect an approximate $200 million headwind to fiscal year 2025 revenue, as a result of the effect of foreign exchange and a smaller impact of the continued move to subscriptions from perpetual offerings — Adobe
** 31 of 40 brokerages rate the stock "buy" or higher, 7 "hold" and 2 "sell"; their median PT is $635
** Including session's moves, ADBE down 7.8% YTD
(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.parmar@thomsonreuters.com))
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