12:00 PM New York Adobe first-quarter net soared 57% to $398 million. Caleres fourth-quarter net swung to a loss of $7 million. Omeros fourth-quarter net loss narrowed to $20 million. MannKind fourth-quarter net swung to profit $54 million. Tiffany fourth-quarter net fell 3% to $158 million.
Tollbooth Index rose 23.12 or 0.2% to 11,687.28.
Adobe Systems Inc
), the application software developers said total revenues in the first-quarter ending on March 3 surged 21.7% from a year ago to $1.7 billion.
Net income in the quarter soared 56.7% to $398.4 million or 80 cents per diluted share from $254.3 million or 50 cents in the same quarter last year.
Digital Media segment revenue was $1.14 billion, with record creative revenue growing to $942 million. Adobe Marketing cloud achieved record revenue of $477 million.
In first-quarter, Adobe achieved record revenue, profit and cash flow, Mark Garrett executive vice president and chief financial officer said.
Caleres Inc, formerly Brown Shoe Company, Inc
), the footwear retailer and wholesaler in the fourth-quarter ending on January 28jumped 5.1% from a year ago to $639.5 million.
Same store sales in the quarter increased 0.3%.
Net in the quarter swung to a loss of $6.6 million or 16 cents per diluted share from profit of $11.4 million or 26 cents in the same quarter last year.
Caleres estimated net sales in the fiscal 2017 between $2.7 billion and $2.8 billion and diluted earnings per share in the range of $2.10 to $2.20.
), the drug maker stated revenues in the fourth-quarter ending in December doubled from a year ago to $12.9 million.
Net loss in the quarter narrowed to $19.6 million or 45 cents per diluted share from $19.8 million or 52 cents in the same quarter last year.
), the therapeutic products maker said revenues in the fourth-quarter ending in December were $12.9 million. (The company had not provide comparable revenues for the same period a year ago).
Net in the quarter swung to profit $53.9 million or 56 cents per diluted share from a loss of $277 million or $3.30 per share in the same quarter last year.
Tiffany & Co
), the jewelry and watch retailer reported net sales in the fourth-quarter ending in January increased 1% from a year ago to $1.2 billion.
Comparable store sales in the quarter unchanged.
Net income in the quarter fell 3.1% to $157.8 million or $1.26 per diluted share from $163.2 million or $1.28 in the same quarter last year.
In the quarter, Tiffany said total sales in the America fell 3% to $587 million and comparable store sales slid 2%. In Europe, total sales slumped 7% to $146 million and comparable store sales dropped 9% but total sales in Japan soared 15% to $185 million and comparable store sales jumped 19%.
In fiscal 2017, the retailer forecasted net sales to increase by a low-single to mid-single-digit percentage and diluted earnings per share to increase by high-single to mid-single-digit-percentage from fiscal 2016.