By William Gavin and Emily Bary

'In this environment, you can't just meet' expectations, an analyst says

Adobe posted results on Thursday for its August quarter.

Adobe touted artificial-intelligence momentum in the most recent quarter, but that wasn't enough to excite investors.

The design-software company has been trying to convince Wall Street that it's well-suited to compete in the AI era. Adobe (ADBE) has various AI offerings of its own, but it also faces competition from rivals offering free or cheap creative tools.