Adobe falls after the software giant posts quarterly results. Here’s how to play the stock
Market Movers rounded up the latest reactions on Adobe from investors and analysts. The pros discussed the software company after it reported fiscal third-quarter earnings and revenue that beat analysts' expectations. Adobe also reported in-line forward guidance with expected fourth-quarter revenue of $4.975 billion to $5.025 billion . Bank of America and Goldman Sachs reiterated Adobe as buy . The stock closed down 4.2% Friday. Shares are up 57% for the year, getting a boost from the hype around artificial intelligence.