Adobe sees record Q4 revenue but shares slide on cautious outlook
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Adobe Inc reported record Q4 revenue for fiscal 2024, surpassing Wall Street expectations with an 11% year-over-year increase to $5.6 billion. However, shares fell 8% in after-hours trading due to a cautious fiscal 2025 revenue forecast below analyst estimates.
December 11, 2024 | 10:00 pm
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Adobe reported strong Q4 results with revenue of $5.6 billion, exceeding expectations. However, shares fell 8% due to a cautious fiscal 2025 revenue forecast.
Adobe's strong Q4 performance was overshadowed by a cautious fiscal 2025 revenue forecast, leading to an 8% drop in after-hours trading. The market reacted negatively to the guidance, indicating concerns about future growth.
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