Adobe ($ADBE) experiences a significant drop of 10% in after-hours trading following a weak revenue forecast for the second quarter. This decline comes despite the company beating earnings estimates. Analysts note that the stock was already stretched, with concerns over generative AI's impact on the company's performance. The drop prompts Adobe to announce a $25 billion share buyback after disclosing a weak outlook. Despite beating earnings, Smartsheet ($SMAR) also sees its shares drop by 11% after-hours due to a soft revenue forecast. PagerDuty ($PD) reports growth but faces challenges, leading to a 9.2% pre-market drop. Adobe CEO Shantanu Narayen discusses the company's strong traction with generative AI during the latest quarter.
One stock not benefiting from AI is $ADBE. It's our #ChartOfTheDay. @KristinaParts joins the Investment Committee to debate what's going on with the name. https://t.co/Pg1plcz2Pg
.@Adobe: Strong Q1, outlook a bit light, GenAI on deck for Experience Cloud https://t.co/kITCijbR4n In prepared remarks, Adobe CEO Shantanu Narayen said the company is seeing strong traction with its generative AI rollout across the product portfolio. @ldignan
Quick dive into Smartsheet earnings: What's the takeaway? 🛍️💰 https://t.co/fAoetYeipY $SMAR 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE
Join us now...Live! EP208 Weekly Podcast: 1. @Adobe Q1 FY24 2. @Oracle Q3 FY24 3. @MongoDB Q4 FY24 earnings 4. Plus Secures Major L4 Trucking Win 5. AI Innovation SXSW: Better Open or Closed? 6. @Arm & @Cadence Design Systems Auto Announcements $ADBE $ORCL $MDB $ARM $CDNA https://t.co/fagQ09vsPx
Adobe tumbles most since 2002 as AI competition heats up https://t.co/JjLv3wiWDF via @business
EP208 Weekly Podcast: @Adobe Q1 FY24, @Oracle Q3 FY24, & @MongoDB Q4 FY24 earnings, Plus Secures Major L4 Trucking Win, @TheSixFiveMedia Summit 2024, AI Innovation @sxsw: Better Open or Closed?, @Arm & @Cadence Auto Annc $ADBE $ORCL $MDB $ARM $CDNA https://t.co/Un8eTO9tX0
PagerDuty Stock Falls After Guidance Disappoints. What Wall Street Is Saying. https://t.co/Y1Pg7FLcj4
Adobe shares drop 12% on weak quarterly revenue guidance https://t.co/OlSfHMsV0S
$SMAR (-9.9% pre) Smartsheet Inc (SMAR) Surpasses $1 Billion in ARR, Reports Strong Q4 and FY 2024 Results https://t.co/cBKxtNDLRy
$PD (-9.2% pre) PagerDuty Inc (PD) Reports Growth Amid Challenges in Q4 and Full Year Fiscal 2024 https://t.co/32AxMZyATw
LISTEN NOW: Adobe shares are falling on weak guidance, but the stock is still outperforming Tesla. Big Technology's Alex Kantrowitz discusses whether Adobe should replace Tesla in the Magnificent 7. Listen and follow the @CNBCWEX podcast here: https://t.co/oxVXD9Sfaa https://t.co/WI8J5zqUfk
Adobe beat on the top and bottom lines, but the midpoint of $ADBE's revenue guide and the net new annualized recurring revenue guide for digital media were short of consensus. #Adobe CEO Shantanu Narayen joined us before the call for detail on the results. https://t.co/5vwkQssLK3
Smartsheet revenue outlook misses estimates, stock sinks https://t.co/Xja1vficGp https://t.co/AGCDLxKHlj
Soft guidance and concerns over generative AI threat send Adobe’s stock lower https://t.co/iHrn4qMYDu
Despite earnings beat, Smartsheet shares drop 11% after-hours on soft revenue forecast https://t.co/5fGUwKnKHq
$ADBE - another OE 10%’er Street is serving them up left and right
"I think the company has done a phenomenal job of embracing what's happening with generative AI," Adobe CEO Shantanu Narayen says. https://t.co/bVji50xzwo https://t.co/WqEAewfKsB
Adobe forecasts downbeat second-quarter revenue https://t.co/uJkHGkzDom https://t.co/YT88VI0E32
LISTEN NOW: Adobe CEO Shantanu Narayen talks about the latest quarter, AI adoption and OpenAI’s Sora tool. Listen and follow the @CNBCOvertime podcast here: https://t.co/PhvVUfQoPP https://t.co/mJhfvIcQ9y
$PD after this type of guidance, the only thing propping up Pager Duty is that it is already at lows https://t.co/7RVpYzksk3 https://t.co/0FkxNHRNoL
Adobe shares slip 10% on soft revenue forecast https://t.co/YdIjx06IJ5
$SMAR | Smartsheet Q4 Earnings Highlights: 🔹 EPS: $0.34 (Est. $0.18) 🟢 🔹 Revenue: $256.9M (Est. $255.2M) 🟢 Q1'25 Guidance: 🔹 EPS: $0.26-$0.27 (Est. $0.20) 🟢 🔹 Revenue: $257M-$259M (Est. $263.7M) 🔴 FY'25 Guidance: 🔹 EPS: $1.06-$1.13 (Est. $0.93) 🟢 🔹 Revenue:…
$ADBE - the pattern setup was to fall and it fell 10% AH $510 https://t.co/fmTXYCufER
$ADBE heads 10% lower to $510 post earnings, which were not bad, but the stock is very stretched. And as mentioned below the bear flag was a big red flag https://t.co/IIDm30biaP https://t.co/HVd8Lq4PyV
is ADBE the first "AI" company to have gotten slaughtered on earnings
$ADBE Just the 36th largest company by market cap casually down -12% in after hrs. After already being down 10% from ath’s. Nothing to see here.
$ADBE another software miss on guide Iost count how many that is
*ADOBE EXTENDS DROP TO 10% AS 2Q REVENUE OUTLOOK MISSES ESTIMATE
PagerDuty’s stock drops on tepid guidance amid ‘headwinds from small business’ https://t.co/M9OUAzZEmi
$ADBE now -9% complete bloodbath $es $nq $qqq
$PD | PagerDuty Q4 Earnings: - Adj EPS $0.17 (Est. $0.15) 🟢 - Sales $111.100M (Est. $110.403M) 🟢 - Sees Q1 Adj. EPS $0.12-$0.13 (Est. $0.18) - Sees Q1 Revenue $110.5M-$112.5M (Est. $113.403M) - Sees FY25 Adj. EPS $0.65-$0.70 (Est. $0.82) - Sees FY25 Revenue $470M-$478M (Est.… https://t.co/ObOO3X91GE
PagerDuty’s Profit Tops Estimates. 2 Reasons Why Guidance Falls Short. https://t.co/H1w1sfy5of
$ADBE announcing a $25 billion share buyback after weak outlook disclosed
$ADBE reporting after the close
I imagine this comes up on $adbe call https://t.co/eBXpJVNZOv
$SMAR Smartsheet will report today after close. Analysts estimate $255.38M in revenue (+20.27% YoY) and $0.18 in earnings per share (+157.14% YoY). Wants to go lower however to $37s https://t.co/MQYKhLRiCX
LISTEN NOW: We spoke to the founder and CEO of Together AI, a newly minted unicorn that helps developers access Nvidia server chips to train their AI models. Listen and follow the @CNBCTechCheck podcast here: https://t.co/GkIlXbLjJr https://t.co/tWJqHbYCRf
$ADBE 2000 next week $640 calls sold to open today with 1200 of the April $660 calls bought, odd spreads into earnings ADBE spread makes a lot of sense considering 3-25 Analyst Day may be the bigger catalyst