Stocks To Watch For December 16
Some of the stocks that may grab investor focus today are:
Research In Motion Limited (NASDAQ: RIMM) reported a sharp decline in its FQ3 earnings, and issued a downbeat view for the current period. RIMM shares dipped 7.60% to $13.98 in the after-hours trading session.
Adobe Systems Incorporated (NASDAQ: ADBE) reported a 35% decline in its Q4 earnings. Adobe's quarterly earnings came in at $0.67 per share, excluding items, on sales of $1.15 billion. However, analysts were expecting earnings of $0.60 per share on sales of $1.09 billion. ADBE shares surged 5.56% to $27.93 in after-hours trading.
Wall Street expects Darden Restaurants Inc (NYSE: DRI) to report its FQ2 earnings at $0.42 per share on sales of $1.83 billion. DRI shares fell 0.11% to $43.69 in the after-hours trading session.
Fitch Ratings cut the long-term issuer default ratings and viability ratings of Barclays PLC (NYSE: BCS), Bank of America Corp (NYSE: BAC), Credit Suisse AG (NYSE: CS), Deutsche Bank AG (NYSE: DB), BNP Paribas (OTC: BNPQY) and Goldman Sachs Group Inc (NYSE: GS). Fitch also lowered the viability ratings of Morgan Stanley (NYSE: MS) and Societe Generale (OTC: SCGLF).
Salesforce.com Inc (NYSE: CRM) announced its plans to buy Rypple for an undisclosed sum. The transaction is likely to close by the end of April 2012. CRM shares gained 0.46% to $107.20 in after-hours trading.
