Tag: $Adobe

Adobe reported third-quarter results on Thursday that beat Wall Street expectations for sales and earnings, but the stock slid 10% in extended trading on fourth-quarter guidance that came up short.

The Federal Trade Commission (FTC) has initiated legal action against Adobe Inc. and two of its executives for allegedly engaging in deceptive practices that made it difficult for customers to cancel software subscriptions and concealed the associated early termination fees.

Adobe shares jumped 17% in extended trading on Thursday after the design software maker reported earnings and revenue that topped estimates and lifted full-year guidance.

Adobe’s shares fell 12% on Friday as the company’s lackluster quarterly forecast raised fears about strong competition and disappointed investors who were hoping for a boost from generative AI integrations.

Shares of Adobe Inc. climbed 1.9% in premarket trading Monday after the software company and design tools maker Figma said they have agreed to terminate the $20 billion merger agreement.

Adobe shares were losing ground in late trading Wednesday after the provider of creative and marketing software provided disappointing revenue guidance for its February quarter and the full fiscal year ending in November 2024.

Adobe  posted earnings that were a smidgen better than both guidance and Street estimates, as it continues to make a full-court press to add generative artificial intelligence capabilities across its broad suite of content creation and marketing tools.

Adobe stock was getting another boost early Friday after the company raised its fiscal-year outlook and championed its prospects to “lead the new era of generative AI.”