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Adobe Slips After Revenue Outlook Fails to Sway AI Skeptics
Adobe Inc. gave a strong sales outlook for the current quarter, quieting investor anxieties that the leader in creative software is falling behind in a competition with AI-focused upstarts.
Adobe Inc. gave a strong sales outlook for the current quarter, quieting investor anxieties that the leader in creative software is falling behind in a competition with AI-focused upstarts. Sales will be about $5.88 billion to $5.93 billion in the period ending in August, the company said Thursday in a statementBloomberg Terminal. Analysts, on average, estimated $5.88 billion.
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