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Benzinga
Benzinga
Business
Adam Eckert

UNBELIEVABLE: Why adobe shares are sliding - The Untold Story

Adobe Adobe Inc Nasdaq

Adobe Inc (NASDAQ:ADBE) shares are trading lower after the company reported financial results and issued weak guidance.

Adobe said fiscal first-quarter revenue increased 9% year-over-year to $4.26 billion, which beat the $4.24 billion estimate. The company reported quarterly earnings of $3.37 per share, which beat the estimate of $3.34 per share. 

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