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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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Editors Pick
Alteryx, Inc., a provider of self-service data analytics software, is the latest tech company to go public in March. Alteryx said it has priced its IPO of 9 million shares of its Class A common stock at $14 per share, at the top end of its range of $12 to $14 per share. Dunkin' Donuts is bidding adieu to one of its frozen coffee beverages this summer. However, loyal fans of the decades-old menu staple have not taken kindly to the news. The coffee chain said it will discontinue its popular Coffee Coolatta beverage this summer and instead, introduce the new Frozen Dunkin' Coffee, made with coffee extract, sugar and milk. Canadian pipeline operator Enbridge Inc. said it will cut about 1,000 jobs, or six percent of its workforce, following the completion of its acquisition of Houston-based Spectra Energy Corp. The job cuts will take place across the merged company.
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