12:00 PM New York – Adobe net climbed 81%. FedEx net surged 53% on 4% increase in revenues. General Mills profit plunged 16%. Guess net dropped 4.1%. Oracle profit fell 3%. Steel Dynamics climbed 5% on positive earnings outlook. Zebra Technologies net swung to a loss.
Tollbooth Index fell 0.6% or 66.73 to 10,603.99.
Adobe Systems Inc
) dropped 2.2% or $1.46 to $78.21 after the diversified software developer reported total revenues in the first-quarter ending on February 27 soared 11% to $1.11 billion from a year ago period.
Net income in the quarter climbed 80.6% to $84.9 million or 17 cents per diluted share compared to $47 million or 9 cents from the same quarter last year.
The software maker said subscription revenue in the quarter surged 68% to $713.4 million while product revenue plunged 38% to $290.8 million.
Adobe forecasted revenues for the second-quarter in the range of $1.13 billion to $1.18 billion and earnings per share between 41 cents and 47 cents.
) declined 2.4% or $4.19 to $171.52 after the package delivery services provider reported total revenues in the third-quarter ending in February jumped 4% to $11.7 billion from a year ago period.
Net income in the quarter surged 53% to $580 million or $2.01 per diluted share compared to $378 million or $1.23 from the same quarter last year.
FedEx forecasted diluted earnings per share for fiscal 2015 to be between $8.80 and $8.95.
General Mills, Inc
) slipped 1.1% or 57 cents to $51.49 after the branded consumer foods products supplier said net sales in the third-quarter ending on February 22 fell 0.6% to $4.35 billion form a year ago period.
Net income in the quarter plunged 16.4% to $343.2 million or 56 cents per diluted share compared to $410.6 million or 64 cents from the same quarter last year.
) decreased 2.4% or 42 cents to $16.75 after the apparel and accessories retailer stated net revenues in the fourth-quarter ending on February 1 declined 5.7% to $768.4 million from a year ago period.
The retailer said comparable store sales in the quarter dropped 5.3% for the first time after ten consecutive quarters.
Net income in the quarter slipped 4.1% to $69.6 million or 82 cents per diluted share compared to $72.6 million or 85 cents from the same quarter last year.
The company forecasted revenue for the fiscal 2015 in the range of $2.42 billion to $2.43 billion and adjusted earnings per share between $1 and $1.10.
) jumped 2.7% or $1.15 to $44.01 after the enterprise software developer reported total revenues in the third-quarter ending in February edged up 0.2% to $9.33 billion from a year ago period.
Net income in the quarter dropped 3% to $2.50 billion compared to $2.56 billion and diluted earnings per share were flat at 56 cents from the same quarter last year.
Steel Dynamics, Inc
) climbed 5.3% or 99 cents to $19.62 after the steel producer and metal recycler forecasted adjusted diluted earnings per share for the first-quarter in the range of 12 cents to 16 cents.
Zebra Technologies Corp
) slipped 1.4% or $1.25 to $84.73 after the specialty printing devices maker said net sales in the fourth-quarter ending in December surged 177.9% to $790.6 million form a year ago period.
Net in the quarter swung to a loss of $51.7 million or $1.02 per diluted share compared to profit of $41.7 million or 82 cents from the same quarter last year.