Adobe Stock Plummets on Disappointing Guidance
Portfolio Pulse from
Adobe Inc's stock dropped 12.8% following disappointing full-year and fiscal first-quarter forecasts, despite surpassing expectations in fiscal fourth-quarter earnings and revenue.
December 12, 2024 | 4:30 pm
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Adobe's stock fell 12.8% due to disappointing full-year and Q1 forecasts, overshadowing its strong Q4 earnings and revenue.
The significant drop in Adobe's stock price is directly linked to the market's reaction to its disappointing future guidance, which outweighed the positive news of better-than-expected Q4 earnings and revenue. This indicates a negative short-term impact on the stock price.
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