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.
Source: www.cnbc.com