Adobe Beats Q1 Estimates But Disappoints on Q2 Outlook Despite $25B Buyback
- Adobe tops Q1 earnings estimates but Q2 outlook falls short of expectations
- Announced $25 billion share buyback program
- Strength is in editing software used to distribute professional, commercial-grade content
- AI/diffusion models don't change opinion on competition with Adobe
- Shares falling in after-hours trading despite beating Q1 estimates