Adobe forecasts annual revenue below estimates
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Adobe has forecasted its annual revenue to be below Wall Street estimates, suggesting that its investments in integrating AI into its software are taking longer to yield results.
December 11, 2024 | 9:45 pm
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Adobe's forecast for annual revenue is below Wall Street estimates, indicating delays in the expected benefits from its AI integration efforts.
Adobe's lower revenue forecast suggests that the company's AI integration is not yet delivering the anticipated financial benefits. This could lead to short-term investor concerns and potential stock price pressure.
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