NEW YORK (
) -- Shares of
jumped more than 5% in late afternoon trading Tuesday after the company
The maker of the Flash media player and Acrobat publishing application also saw a boost in optimism from Wall Street in the wake of its report as both
boosted their price targets on the stock.
stock rose 3.7% to $13.85 on news
to buy shares of his company.
shares tacked on nearly 2% to $16.58 even as the Internet giant announced earlier this month
. The company said that it is shutting down non-core properties such as search engine
jumped 5.4% to $19.56, as
is set to announce a version of its Windows operating system that runs on ARM's technology.
fell 2.3% to $28.90. The company announced last week
it has acquired German online shopping site brands4friends
for $200 million.
--Written by Olivia Oran in New York.
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