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Adobe (#ADBE) announced Q1 earnings and beat analyst expectations! The company reported Non-GAAP EPS of $3.14 (beat by $0.41) and revenue of $3.91B (+26.5% Y/Y).
Despite the earnings beat, shares of #Adobe are trading down in post market at $454 (-1.30%). Investors may be selling because the company did give Q2 revenue guidance of $3.72B, which would mean a decrease from the previous quarter, but still an increase for Y/Y numbers. If Adobe shares continue to drop, should investors step in and buy?