Updated June 16, 2022 7:03 pm ET / Original June 16, 2022 5:17 pm ET
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Adobe stock is losing ground in late trading Thursday after the provider of software for creativity, marketing, and documents provided softer-than-expected guidance for both the August quarter and the full fiscal year ending in November. Adobe is feeling the effects of both intensifying headwinds from negative foreign-exchange rates and the fallout from the war in Ukraine.
Adobe (ticker: ADBE) stock is down 4.4%, to $349 in late trading. In the regular session Thursday, shares fell 3.1%.