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Adobe Stock Slides Despite Earnings Beat. The CFO Is Confident About AI.
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Adobe shares were sliding late Wednesday despite better-than-expected quarterly results from the software firm. Adobe posted first-quarter adjusted earnings of $5.08 a share on revenue of $5.71 billion. Analysts surveyed by FactSet were expecting the creative software company to report earnings of $4.97 a share on revenue of $5.66 billion.
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