00:00It's Benzinga bringing Wall Street to Main Street.
00:02Adobe's share fell 14% on Thursday, marking their steepest drop in over two years,
00:07after the company issued disappointing revenue guidance for their first fiscal
00:11quarter. Adobe's sales forecast fell short of analysts' expectations, but its fourth-quarter
00:16earnings exceeded predictions. Adjusted EPS and revenue both surpassed estimates,
00:21reflecting stronger-than-anticipated performance. Analysts expressed mixed views on Adobe,
00:27citing challenges in 2024 but highlighting its success in monetizing generative AI.
00:33Adobe's stock is now down 20% year-to-date,
00:36significantly underperforming the Nasdaq, which is up more than 30%.
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