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 Soars, Zayo Net Swings to Profit


Author: Mukesh Buch
ticker.com
Last Update: 4:41 AM ET September 18 2015

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.

Earnings Review

Adobe Systems Inc (ADBE) 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 (AKS) 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 (COL) 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 (ZAYO) 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.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc