Adobe shares fell 14 on Thursday, marking their steepest drop in over two years, after the company issued disappointing revenue guidance for the fiscal first quarter. Adobe's sales forecast fell short of analysts' expectations, but its fourth-quarter earnings exceeded predictions. Adjusted EPS and revenue both surpassed estimates, reflecting stronger-than-anticipated performance. Analysts expressed mixed views on Adobe, citing challenges in 2024 but highlighting its success in monetizing generative AI. Adobe's stock is now down 20 year-to-date, significantly underperforming the Nasdaq, which is up more than 30.