-Adobe sinks to near two-year low after Q2 revenue forecast

Shares of Photoshop maker Adobe ADBE.O fall as much as 13.2% to a near two-year low of $380.71

ADBE late on Wednesday forecast second-quarter revenue that was in line with estimates as it grapples with slower monetization of its artificial intelligence offerings while facing tough competition from startups
At least 15 brokerages cut their PTs on stock after the results

Co expects Q2 revenue between $5.77 billion and $5.82 billion, in line with estimates according to data compiled by LSEG

ADBE fell 13.7% on December 12 after it issued a downbeat annual revenue forecast; Shares are down ~33% in past 12 months