S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
DAILY EARNINGS

Adobe Net Jumps 79%, Jabil Circuit, Oracle Net Plummet


Author: Mukesh Buch
ticker.com
Last Update: 12:42 AM ET December 16 2016

12:00 PM New York Adobe fourth-quarter net surged 79% to $397 million. Ingles Markets fourth-quarter net declined 12% to $14 million. Jabil Circuit first-quarter net tumbled 33% to $88 million. Oracle second-quarter net plunged 7% to $2 billion.

Tollbooth Index slid 7.96 to 11,291.34.

Earnings Review

Adobe Systems Inc (ADBE), the application software developer said revenues in the fourth-quarter ending on December 2 soared 23% from a year ago to $1.6 billion.

Net income in the quarter surged 79.4% to $399.6 million or 80 cents per diluted share compared to the $222.7 million or 44 cents per share from the same quarter last year.

Honeywell International Inc (HON), the industrial conglomerates forecasted sales in the fiscal 2017 may drop 1% or increase 2% and earnings per share to range between $6.85 and $7.10.

Honeywell reaffirms fourth-quarter 2016 earnings per share to jump 10% to $1.74.

Ingles Markets, Inc (IMKTA), the supermarket and convenience stores operator said total sales in the fourth-quarter ending in September increased 1% from a year ago to $962.4 million.

Net income in the quarter declined 12.3% to $14.2 million or 70 cents per diluted share compared to the $16.2 million or 80 cents per share from the same quarter last year.

Jabil Circuit, Inc (JBL), the electronic chip maker reported revenues in the first-quarter ending in November fell 2.1% from a year ago to $5.1 billion.

Net income in the quarter tumbled 33.3% to $88 million or 47 cents per diluted share compared to the $131.9 million or 68 cents per share from the same quarter last year.

The electronic chip maker forecasted net revenues in the second-quarter in the range of $4.2 billion to $4.5 billion and operating income between $39 million and $101 million and diluted loss earnings per share of 18 cents.

Oracle Corporation (ORCL), the business productivity tools maker reported total revenues in the second-quarter ending in November rose 1% from a year ago to $9 billion.

Net income in the quarter plunged 7% to $2 billion or 48 cents per diluted share compared to the $2.2 billion or 51 cents per share from the same quarter last year.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc