Adobe Earnings Beat Expectations. Why the Stock Is Falling.

Adobe Earnings Beat Expectations. Why the Stock Is Falling. · Barrons.com

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Adobe stock was dropping even after the company delivered another set of strong results on Thursday, with August quarter sales and earnings topping most forecasts. Asked on the conference call why guidance for the November fiscal quarter implied the weakest quarter-over-quarter growth in Adobe’s history, chief executive Shantanu Narayen said the just-reported fiscal quarter had been very strong. “3Q came in a little stronger than you expected,” said Chief Financial Officer Dan Durn.