What happened to ADBE after the earning?
If I’m reading the news right, Adobe ($ADBE) earning wasn’t that bad. The only negative point was that the next quarter guidance isn’t strong (or correct me if I’m missing something). So why did the stock drop after the earnings call? Is this some automated sell off, was the stock price too high, or is there something terrible that was there in the earnings?
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pinecone : guidance often has a bigger impact than revenue and EPS