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Earnings Watch For March 19 (ADBE, FMCN)

Adobe Systems Inc. (ADBE) is expected to report first-quarter results. The company is expected to report earnings of $0.57 per share versus $0.58 per share last year, on revenues of $1.05 billion. The stock closed Friday at $33.82. (The stock gained nearly 17% in Q1; MA(50)- $31.77; MA(100)- $29.86; 52-wk H/L $35.99/$22.67)

Advertising company Focus Media Holding Ltd. (FMCN) will post its results today. For the fourth quarter, the company is expected to earn $0.61 per share on revenues of $225.13 million. In the prior-year quarter, earnings and revenue were $0.41 per share and $159.70 million respectively. The shares closed Friday's trade at $27.44. (The stock up about 16% in Q4; MA(50)- $22.99; MA(100)- $22.49; 52-wk H/L $37.58/$8.79)

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
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