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Adobe's (ADBE) first quarter results exceeded expectations, with adjusted earnings per share (EPS) coming in at $5.08 compared to the expected $4.97, and revenue coming in at $5.71 billion compared to the expected $5.66 billion. Wolfe Research managing director and head of software research Alex Zukin joins Market Domination Overtime to discuss Adobe's position in the artificial intelligence (AI) market, highlighting its unique combination of content creation tools. He also emphasizes the importance of demonstrating AI-driven growth metrics to restore investor confidence in Adobe's long-term prospects. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

Adobe reported record quarterly revenue above analysts’ expectations, though its outlook disappointed.

Investing.com - Adobe reported on Wednesday fiscal first-quarter results that beat analysts' forecasts, but reiterated its full-year guidance that fell short of estimates.

Investing.com -- SentinelOne Inc (NYSE:S) shares were down 14% in extended trading after the cybersecurity firm issued a revenue forecast below Wall Street estimates. But the company reported a 29% increase in fourth-quarter revenue to $225.5 million, which also beat analysts’ estimates of $222.24 million.

(Bloomberg) -- 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.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsInside the ‘Not Architecture’ of High Line Designers D

The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. The cybersecurity provider posted revenue of $225.5 million in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $222 million.

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Adobe shares were sliding late Wednesday despite better-than-expected quarterly results from the software firm. Adobe posted first-quarter adjusted earnings of $5.08 a share on revenue of $5.71 billion. Analysts surveyed by FactSet were expecting the creative software company to report earnings of $4.97 a share on revenue of $5.66 billion.

The New York-based company said it had net income of 9 cents per share. Earnings, adjusted for one-time gains and costs, came to 26 cents per share. The results beat Wall Street expectations.

SentinelOne forecast its first-quarter and annual revenue below Wall Street estimates on Wednesday, hurt by tough competition and softer enterprise spending due to economic uncertainty, sending its shares down 16% after the bell. The rise of generative artificial intelligence has made it an attractive tool for bad actors, with its low entry barrier ensuring broad accessibility, leading to an increase in global cyberattacks. Social media platform X experienced intermittent outages on Monday, with owner Elon Musk blaming an unusually powerful cyberattack.