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Benzinga
Benzinga
Business
Adam Eckert

Are Investors Getting The Adobe Story Wrong? Here's Why It's This Investor's Favorite Stock Right Now

Adobe Shannon Saccocia ADBE Adobe Inc Nasdaq CNBC

Adobe Inc (NASDAQ:ADBE) shares have fallen significantly since the start of the year and the decline is only getting worse as the stock continues to trade lower Wednesday following weak guidance. 

What Happened: Adobe said it expects fiscal second-quarter revenue to be about $4.34 billion, versus the $4.41 billion estimate. The company expects second-quarter earnings to be around $3.30 per share, versus the estimate of $3.35 per share.

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