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Benzinga

Business

Adam Eckert

After-Hours Action: Why Adobe Stock Is Sliding

Adobe ADBE Adobe Inc

Adobe Inc (NASDAQ:ADBE) shares are trading lower in Thursday's after-hours session after the company announced financial results and issued guidance below analyst estimates.

Adobe said fiscal second-quarter revenue increased 14% year-over-year to $4.39 billion, which beat the estimate of $4.34 billion, according to data from Benzinga Pro. The company said its better-than-expected revenue results were driven by strong demand across Creative Cloud, Document Cloud and Experience Cloud.

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