Adobe Systems (ADBE Quote), maker of such software applications as Acrobat and Photoshop, was one of few stocks moving on news after Monday's closing bell.
Shares of the California-based company saw mixed extended-hours trading after reporting a 45.6% year-on-year jump in non-GAAP income to $289.6 million, or 49 cents a share, in the fiscal fourth quarter. Revenue was up roughly one-third from last year to $911.2 million. Analysts polled by Thomson Financial were looking for 48 cents a share on $887.3 million. Next-quarter guidance was set above average analyst expectations. Adobe also added 30 million shares to its stock-buyback program, which as of Nov. 30 had about 2.3 million shares remaining for repurchase. Still, shares were recently off 1.6% to $40.25 after an initial spike following market close. Synovus Financial (SNV Quote), meanwhile, said it will likely post 2007 earnings below its previous outlook of $1.83 a share, excluding costs related to spinning off card-payments processor Total Systems Services (TSS Quote). The Street is expecting $1.85 a share, excluding one-time items. Synovus shares slid 11.7% to $20.50 in light extended trading. Among other after-hours decliners, Isis Pharmaceuticals (ISIS Quote) gave up 3.9% to $15; armored-vehicle maker Force Protection (FRPT Quote) lost 0.7% to $5.92; and oil-and-gas driller Hess (HES Quote) was off 1.6% to $83.31.- Loading Comments...
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