Adobe Inc. delivered a less-than-optimistic revenue forecast for the ongoing quarter, despite its recent emphasis on leveraging and selling its new generative artificial intelligence capabilities.
Sales for the period ending in May are projected to range between $5.77 billion and $5.82 billion, the company announced on Wednesday. This falls short of the average analyst estimates of $5.8 billion. Projected profit, excluding certain items, is set at $4.95 to $5 per share, contrasting with the consensus projection of $5.
