Adobe Stock Falls On Lackluster Outlook After Q1 Beat

Adobe beat Wall Street's targets for its fiscal first quarter but gave a lackluster forecast for the current period. Adobe stock fell.
From Salesforce to Snowflake, artificial intelligence is revolutionizing the competitive and shifting software industry. The software as a service – or SaaS – model continues to evolve and impact revenue trends for this sector as well. On this Industry Insights, we're discussing what investors need to know about software stocks.

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Adobe Stock Falls On Lackluster Outlook After Q1 Beat

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Adobe Stock Drops 11% Despite Earnings Beat, as Revenue Guidance Is Lower Than Wall Street Expected