Adobe shares fell 13% on Friday morning after the company reported a light revenue forecast for the current quarter.
Adobe shares fell 13% on Friday morning after the company reported first-quarter results that beat estimates but delivered a light quarterly revenue forecast.
For the current quarter, Adobe expects adjusted earnings per share of $4.35 to $4.40, while analysts were expecting $4.38. It said revenue will total $5.25 billion to $5.30 billion, slightly below the $5.31 billion estimated. The company also announced a $25 billion share buyback.
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