Stocks To Watch: Oracle Corporation, Adobe Systems Incorporated

Oracle Corporation (NYSE:ORCL), Adobe Systems Incorporated (NASDAQ:ADBE) and Pacific Sunwear of California, Inc. (NASDAQ:PSUN) posted earnings on Tuesday, and as a result these stocks are expected to witness increased trading. FedEx Corporation (NYSE:FDX), General Mills, Inc. (NYSE:GIS) and Guess?, Inc.(NYSE:GES) will also post earnings today.

Oracle, Adobe and Pacific Sunwear post earnings

After the market close on Tuesday, Oracle Corporation (NYSE:ORCL) reported an increased profit for the fiscal third quarter of $2.57 billion or 56 cents a share, up from $2.5 billion, or 52 cents a share from the same period a year ago. Revenue for the quarter came in at to $9.31 billion compared to $8.96 billion for 3Q last year. Adjusted profit for Oracle was 68 cents a share while analysts were expecting the company to post a profit of 70 cents a share. In after hours trading, shares of the company were down 5.1%.

Q2 Hedge Funds Portable Database Now LIVE!!! Letters, Conferences, Slides And More [UPDATED 7/13 14:48 EST]

Q2 Hedge Funds Resource PageSimply click the menu below to perform sorting functions. This page was just created on 7/1/2020 we will be updating it on a very frequent basis over the next three months (usually at LEAST daily), please come back or bookmark the page. As always we REALLY really appreciate legal letters and tips on hedge funds Read More


For the fiscal third quarter, Adobe Systems Incorporated (NASDAQ:ADBE) posted a profit of $47 million, or 9 cents a share, down from $65.1 million, or 13 cents a share, a year earlier. Revenue for the company was similar to that of last year at $1 billion. For the quarter, adjusted earnings for the software company were 30 cents a share compared to 25 cents a share expected by the analysts surveyed by FactSet. In after-hours trading, shares of the company were down 1.5%.

Late Tuesday, Pacific Sunwear reported an increased loss for the fourth quarter. The California-based company posted a loss of $22.5 million, or 33 cents a share compared to a loss of $19.9 million, or 29 cents a share, last year. On an adjusted basis, the company reported a loss of 17 cents a share, beating analysts’ expectations of 19 cents.

FedEx, General Mills and Guess to report earnings today

FedEx Corp. reports its fiscal third-quarter earnings on Wednesday. Analysts expected the company to post earnings of $1.45 a share.

On Wednesday, General Mills is projected to post third quarter earnings of 64 cents a share, and analysts also expect Jabil Circuit to post fiscal second-quarter earnings of 11 cents a share. On Wednesday, Guess will also report fourth quarter earnings, which are expected to come in around 78 cents a share.

Microsoft Corporation (NASDAQ:MSFT) is also expected to trade actively on Wednesday, as the stock touched it highest level since July 2000 yesterday, gaining 3.9% to end the day at $39.55. Investors pushed the stock up on the news that the software giant will soon come up with an Office software for Apple Inc. (NASDAQ:AAPL) iPad.