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Barchart
Barchart
Wajeeh Khan

Analysts Turn Bearish on Adobe After Earnings. What’s Next for ADBE Stock.

Adobe (ADBE) stock is under pressure on June 12 even as the software giant delivered a fiscal Q2 beat, posting $6.62 billion in revenue and $6.96 a share of earnings (EPS).

Management even raised its full-year profit and revenue guidance, but investors seem to be focusing more on what came alongside the numbers: the abrupt departure of CFO Dan Durn, effective June 15.

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