Buy the Dip in Adobe Stock After the Earnings Report? Check the Chart.


Amid marketwide volatility, Adobe Systems  (ADBE) – Get Adobe Inc. Report reported earnings on June 16 after the shut.

The inventory is down about 1.25% ultimately test June 17, which isn’t what the bulls had hoped for. But it’s higher than the 7.5% decline it was sporting earlier within the session.

While it was a strong quarter for the graphics-software specialist — earnings and income beat expectations — steering was the offender behind the selloff. Revenue steering for its fiscal third quarter and the total yr got here up in need of consensus expectations.