Adobe Stock Sinks as Fiscal 2022 Forecast Falls Short of Estimates

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Updated Dec. 16, 2021 9:01 americium ET / Original Dec. 16, 2021 8:55 americium ET

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Adobe banal tumbled Thursday aft the company’s fiscal 2022 outlook disappointed investors.

Adobe (ticker: ADBE) projected gross of astir $17.9 cardinal and adjusted nett of astir $13.70 a stock for fiscal 2022. Wall Street expects gross of $18.2 cardinal and net of $14.26.

The institution said it expects adjacent year’s first-quarter earnings...

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