U.S. stock futures lower, ADBE raised guidance & CFO departing, RH beats expectations, LEN mixed results, FRD shares jump.

Adobe Inc. (NASDAQ: ADBE) is expected to report second quarter earnings of $5.82 per share, beating analyst estimates for revenue in 13 straight quarters.

Adobe shares are trading lower Thursday morning as investors want proof that the company's AI push is translating into durable growth.