10:40AM New York - AAR CORP sales rose 14% and net income rose 10%. Adobe Systems Incorporated revenue rose 0.4% and net income rose 11%. VeriFone Holdings, Inc revenue rose 3% and net loss was $362.5 million.

AAR CORP, services provider to aviation and defense industry said second quarter sales rose 14% to $353.6 million from $310.6 million a year ago. Net income in the quarter rose 10% to $19.73 million or 47 cents per diluted share compared to net income of $17.86 million or 42 cents per share a year ago.

AAR CORP (AIR) in the last one year traded as high as $39.42 in December 2007 and as low as $9.69 in October 2008. Based on the yesterday’s closing price of $14.99 the company has market cap of $580.79 million.

Adobe Systems Incorporated, a diversified software company said fourth quarter revenues rose 0.4% to $915.3 million from $911.2 million a year ago. Net income in the quarter rose 11% to $245.9 million or 46 cents per diluted share compared to net income of $222.2 million or 38 cents per share a year ago.

Total revenues for fiscal year 2008 rose 13% to $3.58 billion from $3.16 billion a year ago. Net income in the year increased 20% to $871.8 million or $1.59 per diluted share compared to net income of $723.8 million or $1.21 per share a year ago.

Adobe Systems Incorporated (ADBE) in the last one year traded as high as $46.44 in August 2008 and as low as $19.49 in December 2008. Based on the yesterday’s closing price of $22.32 the company has market cap of $11.85 billion.

VeriFone Holdings, Inc, electronic payment technology provider said fourth quarter revenues rose 3% to $244.7 million from $237.9 million a year ago. Net loss in the quarter was $362.5 million or $4.30 per diluted share compared to net income of $18.9 million or 22 cents per share a year ago.

Net revenues for fiscal year 2008 rose 2% to $921.9 million from $902.9 million a year ago. Net loss for the year was $421.1 million or $5.00 per diluted share compared to net loss of $34.0 million or 41 cents per share a year ago.

VeriFone expects in the first quarter fiscal 2009 record net revenues between $220 million to $230 million and non- GAAP net income is expected to be in the range of 15 cents to 19 cents a share.

VeriFone Holdings, Inc (PAY) in the last one year traded as high as $24.50 in December 2007 and as low as $2.31 in December 2008. Based on the yesterday’s closing price of $3.91 the company has market cap of $329.76 million.