Adobe Stock Drops Despite Beating Earnings Forecast. CFO Remains Optimistic About AI.
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The Adobe stock fell on March 12, 2025, despite better-than-expected quarterly results from the software company. In the first quarter, Adobe reported an adjusted earnings of $5.08 per share on revenue of $5.71 billion. Analysts surveyed by FactSet had expected the software company to achieve earnings of $4.97 per share on revenue of $5.66 billion. In the same period last year, Adobe reported earnings of $4.48 per share on revenue of $5.18 billion. The net profit was $1.81 billion. "Really strong quarter ,” said CFO Dan Durn in an interview...
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