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Stock impact report

Adobe falls as annual revenue forecast triggers concerns on delayed AI returns [Yahoo! Finance Canada]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
(Reuters) - Shares of Adobe fell nearly 10% in premarket trading on Thursday after the Photoshop maker's downbeat full-year revenue forecast led to concerns that returns from AI investments into its software applications might take longer than expected. "While the company remains on track with its GenAI product roadmap, we think the lack of ... explicit monetization metrics has made it harder for investors to get comfortable with the progress," RBC analyst Matthew Swanson said. The San Jose, California-based company on Wednesday forecast fiscal 2025 annual revenue between $23.30 billion and $23.55 billion, compared with the average analyst estimate of $23.78 billion, according to data compiled by LSEG. "Given another selloff, we observe a clear disconnect between management's excitement and the internal signs of success that they see relative to what investors are seeing," according to Morningstar analysts. Having recently released AI-related software tools, Adobe is making s Show less Read more
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