Adobe forecasts downbeat quarterly earnings on cautious tech spending

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Photoshop maker Adobe forecast fourth-quarter earnings below analysts' estimates on Thursday, signaling stiff competition and soft demand for its AI...

- Photoshop maker Adobe forecast fourth-quarter earnings below analysts' estimates on Thursday, signaling stiff competition and soft demand for its AI-integrated editing tools amid challenging economic conditions.High interest rates and a tough economy have led enterprises and individuals to focus on cutting costs, putting pressure on Adobe's growth.

Adobe expects revenue for the fourth quarter to be between $5.50 billion and $5.55 billion, compared with LSEG estimates of $5.61 billion. September is Better Breakfast Month. Why coffee doesn't count and other ways to make the most of your morning meal.OTTAWA — Canada's consul general in New York told members of a House of Commons committee on Thursday that he had nothing to do with the purchase of the country's new official residence in New York City, and he doesn't know when he will be moving in.

 

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