Adobe Shares Slip 8% After-Hours as 2025 Revenue Outlook Misses
$Adobe (ADBE.US)$ shares tumbled more than 8% in extended trading after the company released 2025 revenue target that missed analysts' estimates.
The company aims for $23.3 billion to $23.55 billion in revenue for the fiscal year 2025, below the $23.78 billion expected by analysts, according to estimates compiled by Bloomberg.
For the fiscal fourth quarter that ended Nov. 29, the company reported adjusted earnings of $4.81, exceeding the average analyst estimate by 3%, according to Bloomberg data. Revenue totaled $5.6 billion, ahead of expectations that called for $5.54 billion.
"Adobe's strategy, AI innovation and massive cross-cloud opportunity position us well for 2025 and beyond," Adobe Chief Financial Officer Dan Durn said in the company's earnings release.
The fourth quarter results weren't enough to stem the slide in the share price for a company that's seen its stock slide 7.8% this year. Adobe's decline compares with $NASDAQ 100 Index (.NDX.US)$'s 34% advance.
The fourth quarter results weren't enough to stem the slide in the share price for a company that's seen its stock slide 7.8% this year. Adobe's decline compares with $NASDAQ 100 Index (.NDX.US)$'s 34% advance.
The company targets adjusted earnings of $20.20 to $2050 for 2025, below the $20.52 expected by analysts.
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Luzi Ann Santos
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Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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Sam Vandersey : ohh no. what a waste
Adrianlim90 : 1
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