Adobe fell 11.7 percent on the stock exchanges in New York on Thursday. The American software manufacturer achieved more turnover and profit than expected in the last quarter of its financial year.

According to CEO Shantanu Narayen, the company achieved record turnover in the past financial year, partly thanks to the strong growth of its cloud activities and applications in artificial intelligence (AI). However, the Photoshop maker issued a disappointing turnover forecast for the new financial year.

The general mood on Wall Street was cautious after the strong price gains in the American tech sector a day earlier. Shortly after the market opened, the Dow Jones index was slightly higher at 44,155 points, and the broad S&P 500 index fell 0.3 percent to 6,068 points.

The Nasdaq fell 0.5 percent to 19,964 points. The tech benchmark gained 1.8 percent a day earlier and rose above 20,000 points for the first time in history.