Morning Buzz: Apple (AAPL), Facebook (FB), Adobe Systems (ADBE), Bank of America (BAC)

wall street

Shares of Apple Inc. (AAPL) are down slightly this morning on news that a significant number of Apple customers have been reporting crashed devices after attempting to upload them with the new iOS 9 operating system. Twitter (TWTR) was filled with tweets from upset customers reporting two distinct faults, with one appearing to be linked specifically to older models of Apple iPhones and iPads.

Facebook, Inc. (FB) – The social networking giant plans to release a workplace version of its software by the end of this year, according to Julien Codorniou, head of Facebook at Work.

Facebook has been using a version of Facebook at Work internally for years.

Adobe Systems Incorporated (ADBE) rallied $2.67 to $82.98 in early morning trading after it reported fiscal results for the third quarter.

In its quarterly report, the diversified software company said it earned $0.54 per share, well above the $0.50 per share analysts were expecting. Revenue rose 21.1% year-over-year to $1.22 billion, above views for $1.21 billion.

For the current fourth quarter, Adobe provided EPS guidance of $0.56 – $0.62 versus consensus of $0.64 per share. The company also issued revenue projection of $1.275 – $1.325 billion, compared to the consensus revenue estimate of $1.36 billion.

ADBE currently prints a one year return of 19.33% and a year-to-date return of 10.47%.

Bank of America (BAC) – New York City’s $165 billion pension funds say they will vote to strip Bank of America CEO Brian Moynihan of his chairman’s title. BofA shareholders will vote Tuesday on a possible split of the chairman and CEO roles.

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