It's time for some investing education.
Adobe reported third-quarter adjusted earnings of $2.05 a share on sales of $2.83 billion vs. Wall Street estimates for earnings of $1.97 a share on sales of $2.82 billion.
"While we had strong overall revenue in Q3, our subscription bookings growth for Marketo in the mid-market did not meet our expectations, which is being addressed by increasing our focus and investment on-demand generation and inside sales," Chief Financial Officer John Murphy told investors on a conference call. "In addition, there were Analytics Cloud subscription bookings delays with related shortfalls in consulting services bookings and revenue associated with the launch of our new Adobe Experience Platform."
So, what does Cramer say about buying a stock after it declines?
Watch the full video for more.