Adobe Inc. gave a disappointing outlook for revenue growth in the current quarter despite a recent focus on monetizing its new generative artificial intelligence features.
Sales in the period ending in May will be $5.77 billion to $5.82 billion, the company said Wednesday in a statement. Analysts, on average, estimated $5.8 billion. Profit, excluding some items, will be $4.95 a share to $5 a share, compared with the average projection of $5.