Adobe Falls After Reporting Lower-Than-Expected Europe Sales
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Adobe Systems Inc., the largest maker of graphic-design software, declined the most in nine months after reporting that second-quarter sales in Europe were $10 million to $15 million less than it had anticipated.
The stock fell $2, or 6.3 percent, to $30.01 at 4 p.m. New York time in Nasdaq Stock Market trading, for the biggest drop since Sept. 22, 2010. The shares have lost 2.5 percent this year.