Adobe, Mission Produce, Buzzfeed, and Ulta Experience Stock Price Declines Amidst Financial Challenges

Adobe's annual recurring revenue from AI was lower than expected, and CEO Shantanu Narayen is retiring. The stock fell 7% to $250.50. Mission Produce reported a loss due to lower avocado prices, with shares down 7% to $12.31. Buzzfeed issued a going concern warning and said it lacks funding, with shares sliding 9% to 65 cents. Ulta Beauty guided for slower growth as shoppers seek deals, causing the stock to shed 8% to $572.80.