Adobe Q1 Earnings: Stuck In No Man's Land, Not For Me
For context, this time last year, in fiscal Q1 2024, Adobe's balance sheet held $3.1 billion of net cash. Today, its net cash position stands at $1.2 billion. So, they've used more than 100% of their free cash flow to repurchase shares, and these shares are still falling in price.
Looking ahead, Adobe maintained its full-year revenue outlook of $23.3 billion to $23.55 billion, and adjusted earnings per ...
Adobe’s decline was mainly due to its disappointing forward guidance. Q2 revenue forecast came in at $5.77–$5.82 billion vs.
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Adobe analysts come away with positives from the company's Q1 results, including more visibility in AI monetization efforts.
Stocktwits on MSN2d
Adobe Stock Slides As Disappointing Revenue Guidance Overshadows Q1 Beat: Retail Mood Hits Rock BottomAdobe Inc. (ADBE) stock slumped in Thursday’s premarket session after the visual illustration and editing software marker ...
StockStory.org on MSN2d
Why Adobe (ADBE) Shares Are Getting Obliterated TodayShares of creative software maker Adobe (NASDAQ:ADBE) fell 13.2% in the morning session after the company reported ...
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