Adobe Inc (NASDAQ:ADBE) shares fell 6.7% on Friday after the software company cut its organic annual recurring revenue growth guidance, announced a surprise CFO departure, and signaled a shift toward freemium AI products that analysts say leaves key monetization questions unanswered.
The company reported fiscal second-quarter revenue of $6.62 billion, up 12.7% year-over-year and ahead of its guidance range, with non-GAAP earnings per share of $5.96 also beating forecasts.
SpaceX (NASDAQ:SPCX)’s closely watched public debut is off to a flying start.
The stock, trading under $SPCX, opened at $150 after pricing its IPO at $135 — already signaling strong demand right out of the gate. Before the open, CNBC reported indications of a $175 launch price, underscoring just how heated expectations had become heading into the listing.