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Adobe Systems ADBE reported a drop in its fiscal fourth-quarter profit and issued a weak forecast. However, Creative Cloud subscriptions climbed by 402,000 to 1.4 million.
Its revenue slipped 10% to $1.04 billion, versus estimates of $1.03 billion.
Equities Trading UPTexas Industries TXI shot up 13.29 percent to $66.32. Texas Industries is working with Citigroup to explore a sale, Bloomberg reported.
Shares of Adobe Systems ADBE got a boost, shooting up 9.78 percent to $59.27 after the company's Creative Cloud subscriptions climbed by 402,000 to 1.4 million. The company also reported a drop in its fiscal fourth-quarter profit and issued a weak forecast.
Quiksilver ZQK was also up, gaining 10.74 percent to $8.56 after the company posted a loss in the fourth quarter. B. Riley upgraded the stock from Neutral to Buy.Equities Trading DOWN
Shares of INSYS Therapeutics INSY were down 20.64 percent to $35.80 after the company received subpoena from Office of Inspector General.
Darling International DAR was down, falling 4.70 percent to $19.06 after the company priced public offering of 40 million shares of its common stock at $19.00 per share.
CommoditiesIn commodity news, oil traded down 0.88 percent to $96.64, while gold traded up 0.65 percent to $1,232.80.
Silver traded up 0.65 percent Friday to $19.58, while copper rose 0.29 percent to $3.31.
EurozoneEuropean shares were higher today. The Spanish Ibex Index gained 0.43 percent, while Italy's FTSE MIB Index climbed 0.53 percent. Meanwhile, the German DAX rose 0.02 percent and the French CAC 40 gained 0.29 percent while U.K. shares rose 0.11 percent.
Economics
U.S. wholesale prices dropped 0.1% in November, while core producer prices rose 0.1%. However, economists were expecting a 0.1% fall in producer prices.
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