Adobe Systems Incorporated (NASDAQ:ADBE) shares added +5.09% to $37.34 a day after it reported its earnings. Adobe Systems Inc.’s (ADBE) fiscal Q4 earnings increased 28% as subscriptions for creative services increased beyond expectations, overhead expenses came in lower and the year-ago period included restructuring cost.
For the quarter closed November 30, Adobe posted a profit of $222.3 million, or 44 cents per share, higher from $173.7 million, or 35 cents per share, a year previously.
Not including stock-based compensation, previous-year restructuring charges and other items, revised earnings dropped to 61 cents as compared to 67 cents. Revenue rose almost 0.1% to $1.15 billion. [article_detail_ad_1]
Best Buy Co., Inc. (NYSE:BBY) dropped -14.38% to $12.11. Best Buy intends to give its founder an official pardon from holiday shopping.
The electronics retailer stated on Friday that it would provide its founder, Richard Schulze, until February 28 to make a takeover proposal for the firm. That will give Mr. Schulze and his private equity partners the opportunity to assess holiday sales before making their proposal.
Quiksilver, Inc. (NYSE:ZQK) declined -15.23% to $3.45 a day after it reported its earnings. Quiksilver Inc.’s fiscal Q4 earnings dropped 94% as the sports outfitter posted significantly lower income-tax benefits and weaker margins, masking expansion in sales.
Schlumberger Limited. (NYSE:SLB) declined -5.61% to $68.27. Schlumberger Ltd. will take a hit on its Q4 earnings from sustained contractual delays in some areas and weaker-than-expected North America action.
Analysts surveyed by Thomson Reuters recently anticipated per-share earnings of $1.13 for the Q4. In October, Schlumberger announced that its Q3 earnings increased 9.5% as its drilling activity overseas sustained to increase, counterbalancing deteriorating profits in North America.
Qualcomm, Inc. (NASDAQ:QCOM) fell -5.19% to $59.49. Qualcomm Inc previously stated it would use its own central processing components in its high-end quad-core chipsets for smartphones to differentiate itself from its competitors’ quad-core products.