Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending
By Zaheer Kachwala and Kritika Lamba (Reuters) -Photoshop maker Adobe forecast fiscal 2025 revenue below Wall Street estimates on Wednesday, suggesting the company’s investments to weave AI into its software applications were taking longer than expected to bear fruit. Shares of the San Jose, California-based company fell nearly 9% in extended trading. The company forecast…