Adobe Stock Sinks as Fiscal 2022 Forecast Falls Short of Estimates – Barrons

Adobe stock tumbled Thursday after the company’s fiscal 2022 outlook disappointed investors.

Adobe (ticker: ADBE) projected revenue of around $17.9 billion and adjusted profit of about $13.70 a share for fiscal 2022. Wall Street expects revenue of $18.2 billion and earnings of $14.26.

The company said it expects next year’s first-quarter earnings…

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