Adobe Shares Fall Despite Earnings Beat as AI Focus Shifts

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 50 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 63%

Technology Notícia

Adobe,AI,Earnings

Despite beating earnings expectations, Adobe shares tumbled after-hours due to lowered guidance for the fourth quarter. Analyst Charlie Miner believes the narrative around Adobe is shifting, with investors now seeing it as a leader in AI rather than a potential victim of AI disruption.

s, but its guidance for the fourth quarter fell short of Street expectations, sending shares plummeting in after-hours trading. Third Bridge analyst Charlie Miner described the results as"not great... also not a disaster."

Um over the last couple of months though more and more people are starting to believe that it's gonna be really hard to commercialize one of these uh new A I power disruptor tools.So uh not a great print, but I think the leadership team is gonna come on and still be very optimistic.It sounds like you, you do share some confidence that Adobe has a, a sort of a good enough moat that it's gonna be able to retain Cher from some of those new A I entrants.

But they're one of these companies where it's not super speculative and I actually expect these ad revenues to be tangible and material in the coming quarter. And then on the digital experience side, they're obviously in this constrained software selling environment.So it's gonna make that Q four print all the more important, especially coming off a disappointing uh Charlie.Because as you mentioned, maybe it's a little bit more of a intuitive case for graphic software to incorporate A I.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 47. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stock market today: Dow hits record, S&P 500, Nasdaq rise despite fall in Nvidia sharesThe dust is settling after Nvidia's solid but disappointing earnings, as investors reassessed the prospects for techs.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »