(NASDAQ: ADBE) posted its latest earnings report on Dec. 13. For the fourth quarter of fiscal 2023 (which ended on Dec. 1), the cloud software giant's revenue rose 12% year over year (13% in constant currency terms) to $5.05 billion and surpassed analysts' estimates by $30 million. Its adjusted EPS grew 19% to $4.27 and beat expectations by $0.13 per share.

Those headline numbers seemed healthy, but Adobe's stock dropped in response to its lackluster guidance and regulatory challenges. Let's see whether that decline was justified -- and if Adobe's stock might still head higher over the next 12 months.

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Source Fool.com