Tag: SCS

  • Adobe Systems Jumps On Earnings (ADBE, MLHR, SCS, BBBY, CIM)

    Adobe Systems Incorporated(NASDAQ:ADBE) shares gained 1.69% to $33.12 in the pre-market hour after the company reported a fiscal third quarter profit of $201.4 million, or $0.40 a share, as compared with a profit of $195.1 million, or $0.39 a share, for the year-earlier period. Revenue was $1.08 billion, up from $1.01 billion in the same quarter last year. Adjusted profit was $0.58 a share. Analysts were expecting the company to report a profit of $0.58 a share, on revenue of $1.1 billion.

    Herman Miller, Inc.(NASDAQ:MLHR) stock declined 7.19% to $18.85 in the pre-market hour after the company reported first-quarter profit of $20.0 million or $0.34 per share from $24.6 million or $0.42 per share in the same quarter last year. Adjusted earnings were $0.38 per share. Net sales for the quarter decreased 1.8% to $449.7 million. Analysts estimated earnings of $0.39 per share on revenues of $455.13 million.

    Steelcase Inc.(NYSE:SCS) stock climbed 6.60% to $10.18 in the pre-market hour after the company posted second-quarter profit of $29.5 million or $0.23 per share from $11.9 million or $0.09 per share in the same quarter last year. Adjusted earnings for the quarter were $0.25 per share, above analysts estimate of $0.19 per share. Revenue grew to $744.9 million from $700.5 million last year. Analysts estimated revenues of $728.30 million.

    Bed Bath & Beyond Inc.(NASDAQ:BBBY) stock declined 5.07% to $65.30 in the pre-market hour after the company reported a second quarter profit of $224.3 million, down from $229.4 million a year earlier. On a per-share basis, earnings were up at $0.98 a share from $0.93 a share, due to fewer shares outstanding in the latest period. Net sales rose 12% to $2.59 billion. In June, the company predicted earnings of $0.97 a share to $1.03 a share and revenue growth of 5% to 7%.

    Chimera Investment Corporation(NYSE:CIM) shares climbed 6.37% to $2.84 in pre-market hour after the company announced that it declared the third quarter 2012 common stock cash dividend of $0.09 per common share. This dividend is payable October 29, 2012, to common shareholders of record on October 1, 2012. The ex-dividend date is September 27, 2012.