The Economic Times

Adobe stock price today: Why ADBE stock dropped as CEO Shantanu Narayen steps down after 18 years

Adobe stock falls after CEO exit: Adobe shares saw a significant drop following the announcement of CEO Shantanu Narayen's departure after 18 years. Narayen will remain as board chair while a search for a new leader begins. The company also reported strong first-quarter earnings, exceeding analyst expectations. Adobe anticipates continued revenue growth in the upcoming quarter.