12:40 PM New York – Adobe declined on weaker outlook. Nu Skin plunged 25%. Acuity Brands profit and revenues soared. Constellation Brands net surged 54%. Global Payments net jumped 15%. Monsanto net loss widened. Pandora Media agreed to acquire Ticketfly. Yum! Brands profit rose 4%.
Tollbooth Index decreased 27.70 or 0.3% to 10,401.97.
Adobe Systems Inc
) plunged 5.9% or $5.07 to $80.06 after the software company estimated revenues for the fourth-quarter between $1.28 billion to $1.33 billion and earnings per share in the range of 32 cents to 38 cents.
Adobe forecasted revenues for the fiscal 2016 of about $5.7 billion and GAAP earnings per share of about $1.80 and also estimated total revenue to soar about 20% through fiscal 2018 from both its digital media segment and its marketing cloud unit.
The company is scheduled to release its fourth-quarter results in December.
Acuity Brands, Inc
) jumped 2.8% or $4.90 to $181.26 after the lighting solutions provider reported net sales in the fourth-quarter ending in August soared 14% from a year ago to $759.5 million.
Net income in the quarter surged 10% to $60.1 million or $1.38 per diluted share compared to $54.8 million or $1.26 from the same quarter last year.
, the Canada-based transportation equipment maker approached France-based Airbus Group SE about acquisition of a majority stake in the struggling CSeries jetliner, according to a report by Reuters.
The company also plans to launch an initial public offering for its train business before the end of this year.
Constellation Brands, Inc
) gained 1.5% or $1.89 to $133.19 after the alcoholic beverage distributor said revenues in the second-quarter ending in August soared 8.1% from a year ago to $1.73 billion.
Net income in the quarter surged 54.4% to $302.4 million or $1.49 per diluted share compared to $195.8 million or 98 cents from the same quarter last year.
The company forecasted revenues for the fiscal 2016 between $5 billion and $5.20 billion and free cash flow to a range of $200 to $300 million.
Global Payments Inc
) soared 6.4% or $7.33 to $122.70 after the payment services provider reported revenues in the first-quarter ending in August jumped 6% from a year ago to $748.8 million.
Net income in the quarter soared 15% to $86.7 million or $1.32 per diluted share compared to $75.4 million or $1.10 from the same quarter last year.
For the fiscal 2016, the company forecasted revenues in the range of $2.06 billion to $2.10 billion and earnings per share between $5.77 and $5.92.
) increased 1.2% or $1.37 to $118.27 after the analytical information services provider reaffirmed its earlier revenue guidance for the year between $2.30 billion to $2.34 billion and earnings per share in the range of $5.80 to $6.00 per share.
) rose 30 cents to $87.84 after the agricultural products maker reported revenues in the fourth-quarter ending in August declined 10.3% from a year ago to $2.36 billion.
Net loss in the quarter widened to $495 million or $1.06 per diluted share compared to $156 million or 31 cents from the same quarter last year.
Monsanto estimated earnings per share for the fiscal 2016 in the range of $4.44 to $5.01.
Nu Skin Enterprises, Inc
) plunged 25.4% or $11.82 to $34.75 after the personal care and nutritional products seller estimated revenues for the third-quarter in the range of $570 million to $573 million, less than estimated range of $621.55 million.
Pandora Media Inc
) dropped 6.1% or $1.35 to $20.63 after the online radio services provider agreed to acquire a live events technology provider Ticketfly, Inc for about $450 million in cash and stock.
RPM International Inc
) fell 18 cents to $43.17 after the specialty paints maker reported revenues in the first-quarter ending in August increased 3.2% from a year ago to $1.24 billion.
Net income in the quarter rose 0.7% to $99.8 million or 74 cents per diluted share compared to $99.1 million or 73 from the same quarter last year.
Yum! Brands, Inc
) plummeted 18.9% or $15.77 to $67.65 after the quick-service restaurant chain operator reported revenues in the third-quarter ending on September 5 increased 2% from a year ago to $3.43 billion.
The company said in China division same store sales in the quarter rose 2% and in KFC division increased 3%.
Same store sales in Pizza Hut edged up 1% and in Taco Bell jumped 4% while same store sales in Indian unit declined 18%.
Net income in the quarter jumped 4% to $421 million or 95 cents per diluted share compared to $404 million or 89 cents from the same quarter last year.