12:30 AM New York – Adobe Systems third-quarter net soared to $175 million. Zayo Group fourth-quarter net swung to profit $5 million.
Tollbooth Index slipped 58.36 or 0.6% to 10,433.60.
Adobe Systems Inc
) jumped 3.3% or $2.64 to $82.95 after the software company reported total revenues in the third-quarter ending on August 28 surged 22% from a year ago to $1.22 billion.
Net income in the quarter soared to $174.5 million or 34 cents per diluted share compared to $44.7 million or 9 cents from the same quarter last year.
Adobe forecasted revenues for the fourth-quarter between $1.275 billion and $1.325 billion and earnings per share in the range of 32 cents to 38 cents.
AK Steel Holding Corporation
) gained 1.6% or 5 cents to $2.85 after the stainless and electrical steels producer forecasted net diluted loss per share for the third-quarter between 2 cents and 7 cents from the net diluted loss per share of 36 cents in the second-quarter.
For the third-quarter, the company estimated shipments to increase 3% to 1.86 million tons compared to the second-quarter.
Manchester United Plc
rose 10 cents to $18.07 after the U.K.-focused professional football team said revenues in the fourth-quarter ending in June jumped 10% from a year ago to £105.8 million.
Net loss in the quarter widened to £7.2 million or 4.38 pence per diluted share compared to $5.8 million or 3.55 pence from the same quarter last year.
For the fiscal 2016, the professional football team forecasted revenues in the range of £500 million to £510 million.
Rockwell Collins, Inc
) decreased 86 cents to $84.42 after the aerospace company reaffirmed its revenues for fiscal 2015 forecast of about $5.25 billion to $5.30 billion and earnings per share in the range of $5.15 to $5.25.
For fiscal 2016, the aerospace company estimated revenues between $5.3 billion and $5.4 billion and earnings per share in the range of $5.20 to $5.40 per share.
Zayo Group Holdings Inc
) fell 5 cents to $29.13 after the cellular towers provider reported revenues in the fourth-quarter ending in June soared 25% from a year ago to $361.9 million.
Net in the quarter swung to profit $5.1 million compared to a loss of $53.7 million in the same quarter last year.