10:40 AM New York – Amazon.com agreed to acquire Kiva Systems for $775 million in cash. Adobe Systems first quarter net declined 21% to $185.2 million. DSW fourth quarter net soared 173% to $19.4 million. Tiffany fourth quarter net decreased to $178.4 million.

Amazon.com, Inc. (AMZN) decreased 0.9% or $1.83 to $183.76 after the retail websites agreed to acquire Kiva Systems, Inc., a material handling technology provider for $775 million in cash. The acquisition is expected to close in second quarter of 2012.

Adobe Systems Inc (ADBE) slipped 3.1% or $1.10 to $33.41 after the software company reported first quarter total revenue nearly flat to $1.04 billion from the same quarter last year. Net income in the quarter declined 21% to $185.2 million or 37 cents per diluted share compared to $234.6 million or 46 cents per share in the year ago earlier.

DSW Inc. (DSW) decreased 1.2% or 68 cents to $53.65 after the footwear specialty retailer reported fourth quarter net sales increased 9.7% to $513.7 million from $468.5 million in the same quarter last year. Comparable store sales increased 5.6%. Net income in the quarter soared 173% to $19.4 million or 37 cents per diluted share compared to $7.1 million or 1 cent per share in the year ago.

For the year 2011 net sales increased 11.1% to $2.02 billion from $1.82 billion in last year. Comparable store sales increased 8.3%. Net income for the year surged to $195.5 million or $4.54 per diluted share compared to $58.4 million or 82 cents per share in the prior year.

Focus Media Holding Limited (FMCN) rose 8 cents to $28.11 after the Hong Kong based advertising company reported fourth quarter total revenue increased 8% to $256.4 million from $159.7 million in the same quarter last year. Net income in the quarter surged to $75.4 million or 55 cents per diluted share compared to $47.1 million or 33 cents per share in the year ago period.

For the year 2011 total revenue soared 54% to $792.6 million from $516.3 million in last year. Net income for the year grew to $200.9 million or $1.45 per diluted share compared to $184.3 million or $1.26 per share in the prior year.

FirstCity Financial Corporation (FCFC) dropped 12.4% or $1.24 to $8.71 after the financial service provider reported fourth quarter total revenue fell to $16.4 million from $19.1 million in the same quarter last year. Net earnings in the quarter soared to $15.3 million or $1.47 per diluted share compared to $1.8 million or 17 cents per share in the year ago period.

For the year 2011 total revenue decreased to $74.3 million from $85.6 million in last year. Net income for the year surged to $24.2 million or $2.33 per diluted share compared to $12.5 million or $1.23 per share in the prior year.

Jefferies Group, Inc. (JEF) gained 2.8% or 51 cents to $19.57 after the investment bank reported first quarter net revenues grew to $780 million from $758 million in the same quarter last year. Net earnings in the quarter slumped to $77.1 million or 33 cents per diluted share compared to $87.3 million or 42 cents per share in the year ago earlier.

Tiffany & Co. (TIF) soared 6.9% or $4.77 to $73.43 after the jewelry retailer reported fourth quarter net sales increased 8% to $1.19 billion from $1.10 billion in the same quarter last year. Comparable store sales grew 5%. Net earnings in the quarter decreased 2% to $178.4 million or $1.39 per diluted share compared to $181.2 million or $1.41 per share in the year ago.

For the year 2011 net sales increased 18% to $3.64 billion from $3.08 billion in last year. Comparable store sales rose 13%. Net earnings for the year increased 19% to $439.2 million or $3.40 per diluted share compared to $368.4 million or $2.87 per share in the prior year.