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Adobe Dips on Soft Q4 Guidance and CEO Shift as Tech Gains

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Adobe shares slipped after Q4 guidance missed consensus and long-time CEO Shantanu Narayen announced his departure.
  • Despite record Q3 revenue and 150% AI ARR growth, executive turnover unnerved investors.
  • Broader tech indices and peers remained positive, confirming the weakness is isolated to Adobe rather than a wider software selloff.
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