Adobe's dull forecast raises AI monetization doubts, shares fall


FILE PHOTO: Adobe logo is seen on smartphone in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Adobe forecast second-quarter revenue in line with Wall Street expectations on Wednesday, as it grapples with slower monetization of its artificial intelligence offerings while facing tough competition from startups.

Shares of the company fell more than 4% in extended trading.

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