Adobe shares drop 13% as concerns about AI growth overshadow better-than-expected results
1. Adobe shares fell 13% post-earnings despite strong financial performance. 2. Concerns arise over Adobe's AI strategy and competition in generative AI. 3. Adobe reported adjusted earnings of $5.08 per share, exceeding estimates. 4. Future expectations include $4.95 to $5.00 EPS for the upcoming quarter. 5. Analysts suggest need for clearer AI roadmap to reassure investors.