Corrected at 3:45 p.m. PST: An earlier version of this story incorrectly reported that Adobe announced it will miss both its revenue and profit forecasts for the first quarter. The company said it will miss its previous revenue forecast.
Faced with growing weakness in it business, Adobe Systems announced Wednesday it will miss its previous revenue forecast. But, the software maker said it expects to meet its profit forecast thanks to cost-cutting measures.
On Wednesday, Adobe shares were up nearly 9 percent in after-hours trading to $17.75. During the regular trading session, Adobe closed up 2 percent … Read more