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 أخبار

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.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 47. in EG

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »