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DAILY EARNINGS

Adobe, Costco, Oracle Net Surge; Jabil Net Declines


Author: Mukesh Buch
ticker.com
Last Update: 11:53 AM EST December 15 2017

11:45 PM New York Adobe Systems fourth-quarter net jumped 26% to $502 million. Costco first-quarter net soared 17% to $640 million. Jabil first-quarter net plunged 28% to $64 million. Oracle second-quarter net surged 10% to $2.2 billion.

Tollbooth Index increased 25.83 or 0.2% to 13,820.17.

Earnings Review

Adobe Systems Inc (ADBE), the application software developer said revenues in the fourth-quarter ending on December 1 soared 25% from a year ago to $2 billion.

Net income in the quarter jumped 25.5% to $501.5 million or $1 per diluted share from $399.6 million or 80 cents in the same quarter last year.

Digital Media segment revenue was $1.39 billion and revenues in the Creative segment and Document Cloud business achieved record revenue of $1.16 billion and $235 million, respectively and Cloud revenue soared 18% to $550 million.

Costco Wholesale Corporation (COST), the discount stores operator reported total revenues in the first-quarter ending on November 26 surged 13.3% from a year ago to $31.1 billion.

Comparable sales in the quarter jumped 10.5% and online sales soared 43.5%.

Net income in the quarter soared 17.4% to $640 million or $1.45 per diluted share from $545 million or $1.24 in the same quarter last year.

Jabil Inc (JBL), the electronic chip maker said net revenues in the first-quarter ending in November advanced 9.8% from a year ago to $5.6 billion.

Net income in the quarter plunged 27.5% to $63.8 million or 35 cents per diluted share from $88 million or 47 cents in the same quarter last year.

Jabil forecasted fiscal 2018 net revenue between $4.75 billion and $5.05 billion and operating income in the range of $124 million to $169 million and diluted earnings per share in the range of 31 cents to 57 cents.

Oracle Corporation (ORCL), the corporate information technology provider reported total revenues in the second-quarter ending in November jumped 6% from a year ago to $9.6 billion.

Net income in the quarter surged 10% to $2.2 billion or 52 cents per diluted share from $2 billion or 48 cents in the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc