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#Adobe stock plummets secondworst in decade skin#
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#Adobe stock plummets secondworst in decade full#
For the full year, Adobe expects sales of $17. 2022, will be $4.23 billion, trailing analysts' predictions for revenue of $4.34 billion, according to Refinitiv. Adobe's three worst days of the year have come in December, pushing the stock down 16% for the month and putting it on pace for its steepest monthly decline since June 2010.Īdobe said revenue in its fiscal first quarter, which goes through Feb. The stock is on pace for its second-worst drop in the past decade, surpassed only by a 15% slide in mid-March of last year, when coronavirus panic rattled the markets. Shantanu Narayen Adobe shares plummeted more than 10% on Thursday after the software maker issued a revenue forecast for the fiscal first quarter that fell well shy of analysts' estimates. It's the third time in December that Adobe shares have plunged, putting the stock on pace for its steepest monthly drop since June 2010. The stock plummeted more than 10% and was on pace for its second-worst day in the past decade. Adobe's guidance for its fiscal first quarter badly missed analysts' estimates.
Adobe's guidance for its fiscal first quarter badly missed analysts' estimates, sending the stock down more than 10%.
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