adobe

Adobe is a multinational software company best known for its creative and digital media products. Founded in 1982 by John Warnock and Charles Geschke, Adobe originally focused on desktop publishing and revolutionized the industry with its PostScript technology. Over time, it expanded into a broad suite of tools that support graphic design, video editing, photography, and web development. Flagship products like Photoshop, Illustrator, Premiere Pro, and Acrobat have become industry standards, widely used by professionals and hobbyists alike.

In recent years, Adobe has transitioned from a traditional software licensing model to a cloud-based subscription service known as Adobe Creative Cloud. This shift has allowed users to access software updates more frequently and collaborate more easily across devices. Beyond creative tools, Adobe has also built a strong presence in digital marketing and analytics through its Adobe Experience Cloud, offering businesses solutions for customer data management, advertising, and personalized content delivery.

Adobe continues to play a significant role in shaping the digital economy by enabling creativity, communication, and digital transformation. Its innovations in artificial intelligence, such as Adobe Sensei, enhance automation and streamline workflows across its platforms. As content creation and digital experiences become increasingly important across industries, Adobe remains a key player, continually adapting its technologies to meet evolving user needs.

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ADOBE SYSTEMS $52.58 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 502.3 million; Market cap: $24.2 billion; No dividends paid) makes software that lets computer users create, edit and share documents in the popular PDF format. As well, graphic designers use its software to create print publications and web pages.

In the three months ended August 30, 2013, Adobe’s revenue fell 7.9%, to $995.1 million from $1.1 billion. That missed the consensus estimate of $1.01 billion.

Excluding one-time items, Adobe’s earnings fell 43.5% in the latest quarter, to $164.4 million, or $0.32 a share, from $291.2 million, or $0.58 a share, a year earlier. That’s because the company’s costs rose sharply as it transitions to selling its software as a subscription service instead of a one-time purchase. The latest earnings missed the consensus estimate of $0.34 a share.
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AEROPOSTALE INC., $13.87, symbol ARO on New York, is a mall-based retailer of casual clothing and accessories. The company has 976 Aeropostale stores in the U.S., Canada and Puerto Rico. It mainly sells its clothing to 14- to 17-year-olds. Aeropostale’s 132 P.S. from Aeropostale stores in the U.S. are aimed at seven- to 12-year-old elementary-school children. In November 2012, Aeropostale bought online women’s footwear and clothing retailer GoJane.com. The company now plans to launch the Aeropostale brand in Mexico through a licensing agreement with Distribuidora Liverpool, S.A. de C.V....
ALARMFORCE INDUSTRIES, $10.41, symbol AF on Toronto, reports that its sales rose 9.1% in the three months ended April 30, 2013, to $11.9 million from $10.9 million a year earlier. The company earned $1.3 million, or $0.11 a share, compared to a loss of $238,021, or $0.02 a share. AlarmForce’s revenue rose along with its subscriber base: the company ended the quarter with 31,200 U.S. customers, up 22.8% from 25,400 a year ago. In Canada, it now has 106,500 subscribers, up 1.8%. The company’s earnings rose because it spent a lot less on marketing than in the year-earlier quarter, when it increased its advertising spending as it launched its VideoRelay system. This service lets subscribers watch their homes through computers and smartphones....
ADOBE SYSTEMS INC., $44.77, Nasdaq symbol ADBE, reported better-than-expected earnings this week. In its fiscal 2013 second quarter, which ended May 31, 2013, Adobe’s earnings fell 39.0%, to $182.9 million, or $0.36 a share. A year earlier, it earned $299.6 million, or $0.60 a share. These figures exclude several unusual items, such as restructuring charges and gains on investment sales. On that basis, the latest earnings beat the consensus estimate of $0.34 a share. Revenue fell 10.1%, to $1.01 billion from $1.12 billion. That matched the consensus estimate....
ADOBE SYSTEMS $45.78 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536 -6000; www.adobe.com; Shares outstanding: 501.9 million; Market cap: $21.8 billion; No dividends paid) has paid an undisclosed sum for Ideacodes. This privately held firm helps businesses make their mobile software, or apps, and other online content look and perform better.

Ideacodes’ technology will enhance Adobe’s new Creative Cloud suite of publishing and photo-editing programs....
ADOBE SYSTEMS $45.78 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536 -6000; www.adobe.com; Shares outstanding: 501.9 million; Market cap: $21.8 billion; No dividends paid) has paid an undisclosed sum for Ideacodes. This privately held firm helps businesses make their mobile software, or apps, and other online content look and perform better.

Ideacodes’ technology will enhance Adobe’s new Creative Cloud suite of publishing and photo-editing programs. Adobe has switched from selling packaged software on CDs to offering ongoing subscriptions online.

Ideacodes’ founders, Emily Chang and Max Kiesler, will join Adobe as Creative Cloud’s new creative directors.
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TEMPUR-PEDIC INTERNATIONAL INC., $42.28, symbol TPX on New York, is changing its name to Tempur Sealy International. Its stock will continue to trade under the TPX symbol. Tempur-Pedic completed its $1.3-billion purchase of rival Sealy Corp. in March 2013. This was a major acquisition for Tempur-Pedic, but it lets the company diversify into the market for traditional spring-coil beds. That should help it offset rising competition in its current business. The company makes and distributes Swedish mattresses and neck pillows made from its proprietary Tempur material, which conforms to the body to provide support and help alleviate pressure points. Simmons Bedding Co. and Serta Inc. have both successfully launched memory-foam mattresses that directly compete with Tempur-Pedic’s products....
YUM BRANDS INC., $67.75, New York symbol YUM, has opened a new KFC fried chicken restaurant in Ulaanbaatar, the capital city of Mongolia. This is the first fast-food restaurant in Mongolia. The local franchisee that owns and operates this outlet plans to open 15 more over the next five years. This business’s outlook is bright. Mongolia’s economy is growing strongly, and chicken is becoming more popular. Yum and its partner will also develop new dishes that cater to local tastes....
ADOBE SYSTEMS $44.90 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 495.1 million; Market cap: $22.2 billion; No dividends paid) reports that its earnings excluding one-time items fell 37.5% in its fiscal 2013 first quarter, which ended March 1, 2013, to $177.9 million, or $0.35 a share....
RUBY TUESDAY INC., $9.10, symbol RT on New York, reports that its revenue fell 4.2% in its fiscal 2013 third quarter, which ended March 5, 2013, to $307.4 million from $320.7 million a year earlier. That’s partly because Ruby Tuesday closed less profitable restaurants in the quarter. It now has 709 company-owned and 77 franchised casual-dining outlets in the U.S. and 11 other countries. Same-restaurant sales fell 2.8% at its company-owned outlets and 1.7% at the franchised locations. The company recently discontinued the new restaurant concepts it was developing: Marlin & Ray’s (seafood), Truffles Grill and Wok Hay (Asian food). If you disregard the cost of closing these outlets and other unusual items, Ruby Tuesday would have earned $0.10 a share in the latest quarter. That missed the consensus estimate of $0.11. The latest earnings are also down 54.5% from $0.22 a share a year earlier....