ADBE SMAR First takes
Couple more sw misses this evening….
ADBE 8% doesn’t look good missing key KPIs: weaker Q1 NNARR $432M (vs bogeys of $445-$460M) and weaker Q2 NNARR guide ($440M vs bogey of $475M).
Q1 Results looked inline/slightly better on revs/eps
Announced $25B buyback (10% of mkt cap)
Q2 Guide:
Q2 digital media net new arr about $440M
Q2 digital media rev. $3.87B to $…
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