Adobe Announces Earnings

Adobe (ADBE) announced that it earned $0.60 per share for the second fiscal quarter of 2012, beating analyst estimates by one cent. The products segment increased by 5% to $1.12 billion beating estimates by $10 million, and the products segment increased by 5% to $871 million, subscriptions increased by 45% to $159.5 million, while services grew 12% to $93 million.

Daily Market Wrap: June 25, 2012

Stocks closed considerably lower after A resignation from Greece’s finance minister exacerbated the situation there. Spain’s official request to help its banking system sent stocks down worldwide.

Analyst Moves: BA, HPY

Boeing (BA) was upgraded today by Oppenheimer (OPY) from perform to outperform with a price target of $90 as the 787 program has begun to mature and should add to the bottom line in the coming months. Shares are lower by about 1.2 percent.

Week Ahead Market Report: 6/25/2012

The first trading day of the week has investors hoping that a European Union summit this week will help calm the escalating euro zone debt crisis. Good morning, this is Kristin Bianco with the Week Ahead Market Report for June 25, 2012.