Following the market opening Friday, the Dow traded up 0.06
percent to 15,749.58 while the NASDAQ surged 0.22 percent to
4,007.15. The S&P also rose, gaining 0.11 percent to
Top Headline Adobe Systems (NASDAQ:
) reported a
drop in its fiscal fourth-quarter
profit and issued a weak forecast. However, Creative Cloud
subscriptions climbed by 402,000 to 1.4 million.
Adobe's quarterly earnings fell to $65.3 million, or $0.13 per
share, from $222.3 million, or $0.44 per share, in the year-ago
period. Excluding one-time items, it earned $0.32 per share,
matching analysts' estimates.
Its revenue slipped 10% to $1.04 billion, versus estimates of
Equities Trading UP Texas Industries (NYSE:
) shot up 13.29 percent to $66.32. Texas Industries is working
with Citigroup to explore a sale, Bloomberg reported.
Shares of Adobe Systems (NASDAQ:
) got a boost, shooting up 9.78 percent to $59.27 after the
company's Creative Cloud subscriptions climbed by 402,000 to 1.4
million. The company also reported a drop in its fiscal
fourth-quarter profit and issued a weak forecast.
) was also up, gaining 10.74 percent to $8.56 after the company
posted a loss
in the fourth quarter. B. Riley upgraded the stock from Neutral
Equities Trading DOWN Shares of INSYS Therapeutics (NASDAQ:
) were down 20.64 percent to $35.80 after the company
from Office of Inspector General.
Restoration Hardware Holdings (NYSE:
) shares tumbled 4.68 percent to $62.22 after the company
announced the resignation of its co-CEO Carlos Alberini. The
company reported its adjusted Q3 profit of $0.32 per share,
beating analysts' estimates of $0.28 per share.
Darling International (NYSE:
) was down, falling 4.70 percent to $19.06 after the company
priced public offering
of 40 million shares of its common stock at $19.00 per share.
Commodities In commodity news,
oil traded down 0.88 percent
to $96.64, while gold traded up 0.65 percent to $1,232.80.
Silver traded up 0.65 percent Friday to $19.58, while copper
rose 0.29 percent to $3.31.
Eurozone European shares today. The Spanish Ibex Index gained
0.43 percent, while Italy's FTSE MIB Index climbed 0.53 percent.
Meanwhile, the German DAX rose 0.02 percent and the French CAC 40
gained 0.29 percent while U.K. shares rose 0.11 percent.
Economics U.S. wholesale prices dropped 0.1% in November,
while core producer prices rose 0.1%. However, economists were
expecting a 0.1% fall in producer prices.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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