Increasing unusual put option volume: GRPN AEO PATH NFE VSCO SAP CAR NTES HSAI ADBE

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Analyst explains why Adobe stock is down despite solid earnings report

March 13, 2025 4:00 PM EDT

Adobe Systems (NASDAQ: ADBE) delivered a strong first-quarter earnings report, beating consensus estimates across the board, providing in-line Q2 guidance, and reaffirming its full-year outlook.

However, despite these positive results, the stock dropped roughly 5% in after-hours trading.

In a note Thursday, Bernstein analysts explain that concerns continue due to changes in Adobes reporting structure and lingering questions about competitive pressures in the AI... More