Name: Adobe (ADBE) Stock Drops Despite Beating Earnings & Sales Estimates
Uploaded: 2023-12-13T22:00:39.201-06:00
Duration: 4 min 43 s

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Adobe’s (ADBE) 4Q earnings were just released. Its adjusted EPS came in at $4.27 versus an estimated $4.13 and its revenue came in at $5.05B versus an estimated $5.01B. ADBE’s FY24 adjusted EPS guidance is seen between $17.60-$18.00 and FY24 revenue is seen between $21.30B-$21.50B. Caroline Woods and Kevin Green join Oliver Renick to discuss why the stock is dropping. Tune in to find out more about the stock market today.

Adobe (ADBE) Stock Drops Despite Beating Earnings & Sales Estimates

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