Adobe Q1 Earnings: Stuck In No Man's Land, Not For Me
For context, this time last year, in fiscal Q1 2024, Adobe's balance sheet held $3.1 billion of net cash. Today, its net cash position stands at $1.2 billion. So, they've used more than 100% of their free cash flow to repurchase shares, and these shares are still falling in price.
Looking ahead, Adobe maintained its full-year revenue outlook of $23.3 billion to $23.55 billion, and adjusted earnings per ...
Q1 Earnings: Adobe reported first-quarter revenue of $5.71 billion, beating the consensus estimate of $5.66 billion. The ...
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Why Adobe (ADBE) Shares Are Getting Obliterated TodayShares of creative software maker Adobe (NASDAQ:ADBE) fell 13.2% in the morning session after the company reported ...
Adobe’s decline was mainly due to its disappointing forward guidance. Q2 revenue forecast came in at $5.77–$5.82 billion vs.
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Adobe analysts come away with positives from the company's Q1 results, including more visibility in AI monetization efforts.
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