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Adobe stock slips on soft fourth-quarter revenue guidance
ADBEAdobe(ADBE) CNBC·2024-09-12 20:58

Adobe reported third-quarter results on Thursday that beat Wall Street expectations for sales and earnings, but the stock slid 10% in extended trading on fourth-quarter guidance that came up short.Here's how Adobe did for the quarter ending in August versus LSEG consensus estimates:Revenue: 5.41billion,vs.5.41 billion, vs. 5.37 billion expectedEarnings per share: 4.65,adjusted,vs.4.65, adjusted, vs. 4.53 estimatedAdobe said it expected earnings per share between 4.63and4.63 and 4.68 on revenue in the fourth quarter of between $5.5 billion ...