Adobe shares are trading lower after the company reported Q4 financial results and issued Q1 and FY24 total revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Adobe Inc. reported Q4 financial results with Q1 and FY24 total revenue guidance falling short of expectations, leading to a decline in its stock price.
December 14, 2023 | 1:32 pm
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NEGATIVE IMPACT
Adobe's Q4 financial results and lower-than-expected revenue guidance for Q1 and FY24 have resulted in a decrease in its stock price.
Adobe's stock is trading lower due to the company's financial results for Q4 and its revenue guidance for Q1 and FY24 not meeting analyst estimates. This typically results in a negative short-term impact on the stock as investors adjust their expectations based on the new financial outlook.
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IMPORTANCE 90
RELEVANCE 100