U.S. stocks traded lower midway through trading, with the Dow Jones index falling by 0.2% on Thursday.The Dow traded down 0.18% to 44,067.70 while the NASDAQ fell 0.33% to 19,969.33. The S&P 500 also fell, dropping, 0.24% to 6,069.33.Check This Out: Jim Cramer Says ‘Keep Owning’ This Energy Stock, Abbott Laboratories ‘Legal Stuff’ Is Behind ThemLeading and Lagging SectorsReal estate shares jumped by 0.7% on Thursday.In trading on Thursday, energy shares fell by 0.6%.Top HeadlineAdobe Inc. ADBE shares fell a ...

Adobe (ADBE -12.59%) stock tumbled 12.4% through 10:30 a.m. ET Thursday despite beating earnings in its fiscal Q4 2024 report last night.Heading into the report, analysts forecast Adobe would earn $4.67 per share on $5.5 billion in sales. In fact, Adobe earned $4.81 per share, and its sales exceeded $5.6 billion. Adobe's Q4 earningsThe news wasn't all good. Adobe grew sales 11% year over year, helping to make fiscal 2024 a "record" year for the company. (Sales for the year also rose 11%.)The company's "$4.8 ...

In today's video, I will cover Adobe's (ADBE -12.84%) fourth-quarter results and explain why the stock is dropping. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Dec. 11, 2024. The video was published on Dec. 11, 2024. ...

Shares of Adobe Inc ADBE tanked in early trading on Thursday, despite the company reporting upbeat fiscal fourth-quarter results.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.Piper Sandler On AdobeAnalyst Brent Bracelin reiterated an Overweight rating, while reducing the price target from $635 to $600.Adobe reported "solid" results for its fiscal fourth quarter, with revenues beating consensus by $81 million, Bracelin said in a note. Subscription reve ...

Shares of Adobe Inc (NASDAQ:ADBE) are down 12.8% at $479.45 at last glance, after the software name's disappointing full-year and fiscal first-quarter forecasts, despite better-than-expected fiscal fourth-quarter earnings and revenue. In response, TD Cowen downgraded the stock to "hold" from "buy" and lowered its price target to $550 from $625, while a flood of other analysts slashed their price objectives as well. Today's bear gap has ADBE headed for its worst single-day percentage loss since its March ear ...

ToplineShares of Adobe dropped by more than 12% on Thursday, putting the Photoshop maker’s stock on pace for its worst loss in nearly nine months after lowering its revenue forecast for the current fiscal year, despite reporting record revenue and earnings that beat out Wall Street’s expectations.The Photoshop maker’s stock has underperformed this year as it forecasts slower revenue growth, even ... [+] as the company exceeds Wall Street’s estimates.SOPA Images/LightRocket via Getty Images Key FactsAdobe’s ...

Adobe (ADBE) reported fourth-quarter fiscal 2024 non-GAAP earnings of $4.81 per share, beating the Zacks Consensus Estimate by 3.22%. The figure improved 12.6% on a year-over-year basis.ADBE’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average earnings surprise being 2.59%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Total revenues were $5.61 billion, which beat the consensus mark by 1.24% and increased 11.1% year over year, both on a reported ...

Key TakeawaysAdobe shares fell sharply in premarket trading on Thursday after the multimedia software provider issued a weaker-than-expected revenue outlook.The stock has traded higher within a rising wedge, mimicking a similar pattern that formed on the chart between July and September.Investors should watch crucial support levels on Adobe's chart around $500, $475, and $440, while also monitoring important overhead areas near $565 and $635. Adobe (ADBE) shares fell sharply in premarket trading on Thursday ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

Financial Data and Key Metrics - Q4 revenue reached $5 61 billion, representing 11% YoY growth [7] - FY2024 revenue was $21 51 billion, up 11% YoY, with GAAP EPS at $12 36 and non-GAAP EPS at $18 42, growing 5% and 15% YoY respectively [8] - Digital Media net new ARR reached $578 million in Q4, with a record $2 billion for FY2024 [7][9] - Digital Experience subscription revenue grew 12% YoY to $1 27 billion in Q4 [7] - RPO (Remaining Performance Obligations) stood at $19 96 billion at year-end, with cash and short-term investments totaling $7 89 billion [9] Business Line Performance Digital Media - Digital Media revenue in Q4 was $4 15 billion, up 12% YoY, driven by innovation in creative and document businesses [14] - Document Cloud revenue grew 17% YoY to $843 million in Q4, with net new ARR of $173 million and ending ARR of $3 48 billion, up 23% YoY [18] - Creative Cloud revenue was $3 3 billion in Q4, up 11% YoY, with net new ARR of $405 million [23] - Adobe Express adoption grew, with 4,000 businesses adopting it in Q4 and an 84% YoY increase in student access [23] Digital Experience - Digital Experience revenue in Q4 was $1 4 billion, with subscription revenue growing 12% YoY to $1 27 billion [30] - Adobe Experience Platform and native apps surpassed $1 billion in ending book of business, with 48 Fortune 100 companies leveraging these solutions [31] - Gen Studio for performance marketing saw strong demand, integrating Creative Cloud, Express, and Experience Cloud [34] Market Performance - Adobe's digital media business saw record traffic to adobe com and engagement on social and mobile platforms [14] - Document Cloud monthly active users grew over 25% YoY, surpassing 650 million paid and free users [19] - Adobe Express ecosystem expanded with over 180 plugins and integrations with apps like ChatGPT, Google, and Slack [24] Strategy and Industry Competition - Adobe focused on AI innovation, with Firefly models generating over 16 billion cumulative generations [11][22] - The company introduced tiered subscription offerings and add-ons, including a new higher-priced Firefly offering with video models [28] - Adobe expanded partnerships with Amazon, Google, Meta, and others to enhance its market position [35][36] Management Commentary on Operating Environment and Future Outlook - Management highlighted the transformative impact of AI innovations, particularly in generative AI models like Firefly [10][22] - Adobe expects FY2025 revenue to be between $23 3 billion and $23 55 billion, with digital media ARR growth of 11% YoY [54] - The company anticipates foreign exchange headwinds of approximately $200 million in FY2025 [54] Other Important Information - Adobe repurchased 17 5 million shares in FY2024 and entered into a $2 5 billion share repurchase agreement in Q4 [52] - The company launched a global initiative to help 30 million learners develop AI literacy and digital marketing skills using Adobe Express [58] Q&A Summary Question: Adoption curve of Firefly and Gen Studio integration [65] - David Wadhwani emphasized the strong adoption of Firefly, with 16 billion generations, and highlighted the integration of Firefly into Creative Cloud, Express, and Digital Experience products [67][68] - Dan Durn noted that the FY2025 guide reflects the momentum of innovations like Express, AI Assistant, and Firefly services [74] Question: Growth drivers from Firefly and Gen Studio [77] - David Wadhwani discussed the growth algorithm for digital media, focusing on new users, new products, and value-based pricing [80][82] - Dan Durn highlighted the shift in guidance methodology to focus on ending ARR growth, emphasizing new subscribers and cross-selling opportunities [88][89] Question: Pricing sensitivity and value delivery [95] - David Wadhwani explained the balance between proliferation and monetization, with price sensitivity at the lower end of the market and opportunities for tiering in the core creative business [97][99] Question: Durability of Document Cloud growth [119] - David Wadhwani attributed Document Cloud's growth to the increasing monthly active users and the value added by AI Assistant, which enhances productivity and user engagement [122][126] Question: Impact of Black Friday and Cyber Monday on Creative Cloud ARR [102] - Dan Durn noted that Black Friday and Cyber Monday performance was in line with expectations, with online shopping up 8 4% YoY [103] Question: Stock performance and growth concerns [107] - Shantanu Narayen addressed concerns about growth, highlighting the strong performance in FY2024 and the potential for Gen Studio to unlock further growth in the enterprise segment [110][113] Question: Consumption-based growth in FY2025 [128] - Shantanu Narayen indicated that consumption would contribute to ARR growth through video offerings, Gen Studio, and premium pricing tiers [130][132] Question: Firefly services integration and conversion rates [135] - David Wadhwani discussed the positive signals from Express and Lightroom adoption, with generative AI driving faster onboarding and higher retention rates [141][144] Question: RPO growth and tiered offerings [147] - Dan Durn expressed confidence in the business's ability to drive growth through large transformational deals and premium tiers [151] - David Wadhwani explained that tiering would focus on feature access and usage limits, with higher tiers offering more features and usage [152][153]