Shares of Adobe fell nearly 10% in premarket trading on Thursday after the Photoshop maker's downbeat full-year revenue forecast led to concerns that returns from AI investments into its software applications might take longer than expected.

Adobe released its fourth-quarter financial results after the market closed on Wednesday. The company reported revenue of $5.61 billion, surpassing the consensus estimate of $5.54 billion. Adjusted earnings per share were $4.81, exceeding analyst predictions of $4.66 per share.

Adobe (ADBE) issued a revenue outlook that came in below analysts’ expectations, sending shares lower in extended trading Wednesday. The Creative Cloud software provider projected 2025 revenue of $23.