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Adobe shares slip 10% on soft sales forecast

Adobe shares slip 10% on soft sales forecast

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024.

Brendan Mcdermid | Reuters

Adobe shares tumbled as much as 11% in extended trading Thursday after the design software maker issued strong fiscal first-quarter results but came up slightly short on quarterly revenue guidance.

Here’s how the company did, compared with estimates from analysts polled by LSEG, formerly known…


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