Adobe's annual recurring revenue from AI was lighter than analysts had hoped, and the company said its chief executive is retiring. Shares slid 7% to $250.50 in after-hours trading Thursday.
Mission Produce swung to a loss, in part due to lower avocado prices. The stock declined 7% to $12.31 after the bell.
Buzzfeed issued a going concern warning and said it doesn't have funding to cover its cash obligations. Shares slid 9% to 65 cents.
Ulta Beauty guided for growth to slow as shoppers are still on the hunt for good deals. The stock shed 8% to $572.80.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
Adobe Inc. specializes in the development of software for content design, publication and visual distribution. Net sales break down by product family as follows:
- digital media software (74.3%): primarily creation, illustration, viewing, conversion and digital contents broadcasting;
- online marketing and business process management software (24.7%): web publishing, information security, business resources planning, document production management, application automation software, etc.;
- other (1%): software for high-definition printing, online training, etc.
Net sales break down by source of income between sales of subscriptions (96.4%), sales of services (2.3%; consulting, training, maintenance and technical support services) and sales of products (1.3%).
Net sales are distributed geographically as follows: the United States (52.7%), Americas (6.7%), Europe/Middle East/Africa (26.5%) and Asia/Pacific (14.1%).
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