Adobe (ADBE) Gives Disappointing Outlook, Stoking AI Disruption Fears
Adobe Inc. gave a disappointing annual sales outlook, underscoring anxieties that the creative software giant could be disrupted by emerging artificial intelligence-based startups.Revenue will be about $23.4 billion in the fiscal year ending in November 2025, the company said Wednesday in a statementBloomberg Terminal. Earnings, excluding some items, will be $20.20 a share to $20.50 a share. Analysts, on average, estimated sales of $23.8 billion and adjusted profit of $20.52 a share, according t...
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