Adobe Systems (ADBE) hit a speed bump in its transformation to a software-as-a-service company, late Tuesday giving disappointing guidance for the current quarter. The maker of creative and marketing software also delivered third-quarter sales that missed Wall Street’s target, and Adobe Systems stock was down nearly 5% in morning trading on the stock market today, near 67.50, a three-month low. Adobe’s fiscal Q3 earnings lacked the upside seen in
Adobe Systems (ADBE) hit a speed bump in its transformation to a software-as-a-service company, late Tuesday giving disappointing guidance for the current quarter. The maker of creative and marketing software also delivered third-quarter sales that missed Wall Street’s target, and Adobe Systems stock was down nearly 5% in morning trading on the stock market today, near 67.50, a three-month low. Adobe’s fiscal Q3 earnings lacked the upside seen in
Adobe Systems delivered mixed fiscal third-quarter results late Tuesday, with earnings per share beating expectations but sales just below Wall Street’s target. Fourth-quarter guidance also missed. Adobe Systems (ADBE) stock was down nearly 5% in trading after hours and after the company released results. Shares rose a fraction in Tuesday’s regular session, to 70.73. On Sept. 8, Adobe came within pennies of an all-time closing high, at 73.39.