Adobe Down Over 3% in Pre-Market on Lower Than Expected Guidance

Adobe ADBE is down over 3% in pre-market after announcing lower than expected profit guidance guidance yesterday after the close. The company sees Q3 adjusted EPS of $0.50 to $0.56 while the analysts were expecting the EPS guidance of $0.54. Adobe reported Q2 EPS of $0.55 vs. $0.51 estimate and revenues of $1.02B vs. $994.78M estimate.