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Markets · Investing · Business
Finance
Adobe Just Reported Earnings. Here's What Investors Need to Know.
For now, Adobe's emphasis is on its freemium product.
The stock market's "show-me" mentality for artificial intelligence stocks -- rewarding companies with tangible results and punishing those that are heavy on expectation and promise -- claimed another victim Thursday.
Adobe(NASDAQ:ADBE) reported earnings after the close on Sept. 10, emphasizing user acquisition over its paid products. On top of that, fourth-quarter guidance fell short of analysts' expectations, sending the stock down nearly 5% in after-hours trading.
Details
Adobe has managed to recover its losses on Friday morning and pull even. But investors are signaling their skepticism for Adobe stock even though it's showing strong growth in its AI products.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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