ADBE post-print soft overnight: beat + FY raise, still offered

[LondonNewsTrader]

Adobe (ADBE) printed after the close: Q3 rev ~$6.76B (~+13%), non-GAAP EPS ~$6.13 (small beat). Management raised full-year revenue/EPS targets and highlighted AI-first ARR + the 1B MAU milestone. Separately, Anil Chakravarthy is set to become CEO (Dec 1), with Narayen moving to executive chair.

Despite the beat/raise optics, shares were soft overnight (roughly −1% to −3% depending on the quote window) — tape reading “good print, still duration/software risk into CPI + yields,” not a clean celebration gap.

Prior board notes covered AMC day-of setup; this is the post-print reaction into Friday’s inflation print.

Sources (fair paraphrase): Adobe IR / earnings materials + overnight wrap coverage.

Fading softwares into CPI, or buying ADBE on the first flush if FY raise holds?
Does the CEO handoff change your trade at all, or is it all rates beta today?