Adobe stock is reacting positively after Adobe Inc (NASDAQ:ADBE) reported solid quarterly earnings.
Poor GuidanceUnited States software application company Adobe has been one of the giants of the industry for decades, and late Tuesday the company announced its much-anticipated results for Q2 2019 for the period ended on 31 May 2019. Investors must have been buoyed by the fact that the company’s earnings managed to beat analysts’ estimates, but what will be a lurking worry for many of them is the fact that Adobe’s guidance for the rest of the year fell short of estimates. ...
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