This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Ticker-Tape Parade: GE to Acquire Heller, Adobe Cautions on Top Line

Earnings season is winding to a close this week, but plenty of companies are still posting quarterly numbers. This morning though, a financial services merger took the controls from the second-quarter recaps. General Electric's (GE) GE Capital unit agreed to acquire Heller Financial (HF) for $5.3 billion in cash. GE said that it would pay $53.75 for each share of Heller, well above Friday's close of $35.90. Heller's 52-week high is $40.78.

Earnings Reports & Warnings:

  • Adobe Systems (ADBE) remains on track to meet its third-quarter pro forma earnings target, but the company said its revenue growth could be slowed by weaker-than-expected economic conditions affecting all of its product segments. The company plans to report third-quarter results on Sept. 13. Analysts expect the company to earn 28 cents a share in the quarter.

  • Health insurer Humana (HUM) posted second-quarter earnings of 15 cents a share, in line with the Thomson Financial/First Call consensus estimate, and up from earnings of 11 cents a share in the year-ago quarter. The company cited higher premiums for the higher earnings, despite a drop in revenue, which fell 8% from the comparable period last year.

  • Television and radio station owner Hearst-Argyle (HTV) reported a decline of 42% in second quarter earnings Monday, citing the weak advertising market. The company earned 10 cents a share for the second quarter, compared with 17 cents a share in the year-ago period. Analysts expected income of 5 cents. Hearst-Argyle warned that third-quarter earnings would fall far short of current expectations.

  • Pizza chain Papa John's (PZZA) earned 55 cents a share in the second quarter, up from 51 cents in the same quarter last year. Wall Street was looking for income of 49 cents. Revenue rose 3.3%.

  • Tommy Hilfiger (TOM) reported fiscal first quarter earnings of 10 cents a share this morning, beating the consensus estimate of 8 cents a share. The company also earned 10 cents a share in the year-ago quarter. Tommy Hilfiger said it expects to meet analysts' full-year earnings expectations of $1.60 a share.

  • Williams (WMB) posted second-quarter income from continuing operations of $339.5 million, or 69 cents a diluted share, including 9 cents from the sale of convenience stores. Analysts expected the company to earn 54 cents. Williams earned $286.4 million, or 63 cents a share, in the same period a year ago. The company also raised its guidance for the full year.

  • Select the service that is right for you!

    COMPARE ALL SERVICES
    Action Alerts PLUS
    Try it NOW

    Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

    Product Features:
    • $2.5+ million portfolio
    • Large-cap and dividend focus
    • Intraday trade alerts from Cramer
    • Weekly roundups
    TheStreet Quant Ratings
    Try it NOW
    Only $49.95/yr

    Access the tool that DOMINATES the Russell 2000 and the S&P 500.

    Product Features:
    • Buy, hold, or sell recommendations for over 4,300 stocks
    • Unlimited research reports on your favorite stocks
    • A custom stock screener
    • Upgrade/downgrade alerts
    Stocks Under $10
    Try it NOW

    David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

    Product Features:
    • Model portfolio
    • Stocks trading below $10
    • Intraday trade alerts
    • Weekly roundups
    Dividend Stock Advisor
    Try it NOW

    Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

    Product Features:
    • Diversified model portfolio of dividend stocks
    • Alerts when market news affect the portfolio
    • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
    Real Money Pro
    Try it NOW

    All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

    Product Features:
    • Real Money + Doug Kass Plus 15 more Wall Street Pros
    • Intraday commentary & news
    • Ultra-actionable trading ideas
    Options Profits
    Try it NOW

    Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

    Product Features:
    • 100+ monthly options trading ideas
    • Actionable options commentary & news
    • Real-time trading community
    • Options TV
    To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
    DOW 16,408.54 -16.31 -0.10%
    S&P 500 1,864.85 +2.54 0.14%
    NASDAQ 4,095.5160 +9.2910 0.23%

    Brokerage Partners

    Rates from Bankrate.com

    • Mortgage
    • Credit Cards
    • Auto
    Advertising Partners

    Free Newsletters from TheStreet

    My Subscriptions:

    After the Bell

    Before the Bell

    Booyah! Newsletter

    Midday Bell

    TheStreet Top 10 Stories

    Winners & Losers

    Register for Newsletters
    Top Rated Stocks Top Rated Funds Top Rated ETFs