Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday October 07, 2015

Adobe Shares Slump As 2016 Forecast Disappoints

Apparently the market didn't react well to Adobe lowering its profit forecast for 2016.

Adobe Systems Inc lowered its profit forecast for 2016 below analyst estimates partly due to a strong dollar, sending its shares down as much as 13 percent in extended trading. The Photoshop maker said it expects full-year revenue of about $5.7 billion and an adjusted profit of $2.70 per share.