SAN FRANCISCO (MarketWatch) -- Shares of Oracle Corp. and Adobe Systems
Inc. shares diverged in Thursday's late session as the software giant fell
short of revenue forecasts and Adobe surpassed analyst expectations.
The Nasdaq-100 After Hours Indicator, which tracks the evening session of
the index's leading shares, was last down 1.99 points to 1,699.71.
Oracle Corp. shares dropped more than 2% to $12.53 and topped the most-
actives list, according to iNet Data Services. The software maker reported
fiscal second-quarter net earnings of $798 million, or 15 cents a share,
compared with $815 million, or 16 cents a share, last year. Earnings on a pro
forma basis were $972 million, or 19 cents a share.
Oracle reported total revenue of $3.29 billion, up from $2.76 billion a
year earlier. Analysts surveyed by Thomson First Call expected Oracle to
report earnings of 19 cents a share on revenue of $3.41 billion.
Adobe shares rose almost 4% to $36.29 after the company said its fiscal
fourth-quarter profit rose to $156.3 million, or 31 cents a share, from $113.5
million, or 23 cents a share, a year earlier. Revenue for the three-month
period ended Dec. 2 rose 19% to $510.4 million from $429.5 million.
Wall Street analysts expected Adobe to earn 29 cents a share on revenue of
$507.1 million for the just-ended period.
Shares of SMSC jumped 13% to $31.60 after the chip equipment company said
it earned $5.4 million, or 24 cents a share, in the third quarter, up from
$600,000, or 3 cents a share, the year earlier.
Excluding special charges, the company said it would have earned 38 cents
a share against 4 cents a year ago. Revenue climbed to $86.6 million from
$50.8 million. Analysts forecasted earnings of 33 cents a share on revenue of
$83 million.
KB Home shares added more than 1% to $75.30 after the homebuilder reported
fourth-quarter net earnings of $310.6 million, or $3.51 a share on revenue of
$3.15 billion. Analysts polled had estimated earnings of $3.34 a share on
revenue of $3.27 billion.
Darden Restaurants Inc. shares advanced almost 6% to $36.80 after the
restaurant operator reported second-quarter net earnings of $55.1 million, or
35 cents a share, on revenue of $1.325 billion. Analysts expected per-share
earnings of 31 cents on revenue of $1.33 billion.
Shares of California Micro Devices Corp. dove 10% to $8.00 after the
company lowered its revenue outlook. The semiconductor products supplier now
expects earnings of 9 cents to 10 cents a share on revenue of $18.8 million to
$19.7 million.
Analysts are estimating earnings of 10 cents a share on revenue of $20
million.
Jasmina Kelemen is a MarketWatch reporter based in San Francisco.
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SOURCE Thomson Financial Corporate Group
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