The Photoshop maker’s stock has underperformed this year as it forecasts slower revenue growth, even as the company exceeds ...
The company forecast revenue between $23.30 billion and $23.55 billion compared with estimates of $23.78 billion, according ...
In addition, Adobe faces growing competition from rivals in the artificial intelligence industry, such as Stability AI Inc., OpenAI and Midjourney Inc., which all provide access to tools that can ...
Shares of Adobe fell nearly 10% in premarket trading on Thursday after the Photoshop maker’s downbeat full-year revenue ...