From Nasdaq: 2024-09-17 06:15:00

Adobe stock tumbled 8.5% after Q3 results and weak guidance. Revenue expected to reach $21.43 billion with EPS of $18.27 billion for Fiscal 2024. Growth is slowing with two consecutive years of 10% revenue growth. Adobe’s innovation with AI could lead to sustainable growth and compete with rivals. Patience is key for long-term investors.



Read more at Nasdaq: This Beaten-Down Tech Stock Is a Coiled Spring for Decades of AI-Fueled Growth