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Here are five things you must know for Wednesday, Sept. 20:
The magnitude-7.1 quake on Tuesday struck on the 32nd anniversary of the 1985 earthquake that killed thousands. Just hours earlier, people around Mexico had held earthquake drills to mark the date, the Associated Press noted.
3. -- Shares of Adobe Systems Inc. (ADBE) fell 3.5% in premarket trading on Wednesday despite fiscal third-quarter earnings from the software company that topped Wall Street estimates.
Net income in the quarter was 84 cents a share, up from 54 cents a year earlier. Adjusted earnings were $1.10 a share, topping forecasts of $1.01. Revenue rose to $1.84 billion; analysts expected $1.82 billion.
FedEx Corp. (FDX) fell 1.4% in premarket trading after the shipping giant posted fiscal first-quarter earnings below analysts' expectations, blaming the miss on a cyber attack at TNT Express and Hurricane Harvey.
Adjusted first-quarter earnings for FedEx were $2.51 a share, below Wall Street estimates of $3.09. The company also lowered its adjusted earnings forecast for fiscal 2018.
Ford plans a two-week shutdown at its plant in Flat Rock, Michigan, which makes the Mustang and Lincoln Continental, and a one-week shutdown at its Michigan Assembly Plant, which makes the Focus and C-Max small cars. The automaker also plans to idle Transit van production at its Kansas City, Missouri, plant for two weeks.
The company also plans shutdowns of up to three weeks at two plants in Mexico.
U.S. sales at Ford have declined 4% through August compared with the same period a year ago.
According to Automotive News, as of Sept. 1, Ford had an 81-day supply of vehicles, up from 77 a month earlier.
Ford shares fell 1.5% in premarket trading.
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