[Music] all right Tech enthusiasts gather around because today's Hot Topic is Adobe and boy is there some spice in today's Financial frying pan Adobe stock took a tumble today dropping over 8% let's dive into the nitty-gritty details of why Adobe stock got smacked around despite delivering a rock solid third quarter earnings report so Adobe just reported its fiscal third quarter earnings and let me tell you the numbers themselves looked pretty sweet Revenue hit 5.41 billion beating analyst's expectations of 5.37 billion even better was the earnings per share coming in at 465 C whereas Wall Street was only predicting 453 by most accounts Adobe had a stellar quarter but hold up don't pop that bubbly just yet while Adobe riged in the dough its guidance for the next quarter left a bad taste in investors mouths they projected sales for the fourth quarter to be between 5.5 billion to 5.55 billion while analysts were expecting a cool $ 5.61 billion and don't even get me started on their anticipated earnings per share Adobe expects it between $436 to $468 but analysts were aiming for 4D and 67 it was the same story over in adobe's digital media arm investors were betting on yearly recurring Revenue to hit $5 5611 million Adobe however tempered expectations aiming for $550 million it seems adobe's future isn't quite as dazzling as some had hoped despite their bafo Q3 earnings the Market's response a not so joyous sell-off sending the stock into an 8% nose dive enter Jim Kramer the ever opinionated host of cnbc's Mad Money who had a few bones to pick with the analysts being super critical of adobe Kramer highlighted that while adobe's future projection might not be a journey to Unicorn Land analysts were ignoring the solid Q3 Foundation throwing shade at the haters he said there's a middle ground between total Euphoria and total skepticism essentially preaching for a bit more moderation and maybe a Sprinkle of Common Sense Kramer isn't alone in being optimistic about Adobe investors like Jim lenthal also think adobe's prowess and AI positions it well for ongoing success folks Adobe may not have a shiny glimmering forecast but let's not forget it's still rolling out that AI Tech pretty effectively overall Adobe closed at 58655 on Thursday before the hammer came down in after hours trading as of now the stock has only bumped up 1.12% year-to date what do you guys think is Wall Street overreacting to adobe's conservative guidance or is there genuine reason for concern could adobe's AI initiatives push them back into investors good books or is this a wakeup call for the old software giant drop your thoughts below and let's chat about it thanks for watching to the end remember this is just one story from our full Daily Show which includes all the other news and an analysis of the day's Tech Market activity if you found this video interesting or insightful then please like subscribe and share it with others your support is greatly appreciated catch you later [Music]