Tiffany (NYSE:TIF) announced that fourth-quarter profits fell by 1.6% to $178.4 million, or $1.39 a share, missing estimates of $1.42 a share. However, the company announced that full year earings should $4.05 per share, ahead of estimates of $3.92 per share.
Shares are higher by about 7.7 percent.
Adobe Systems (NASDAQ:ADBE) announced that it earned $284.5 million, or 57 cents a share, on revenue of $1.045 billion in the first quarter. Analysts had expected earnings of 57 cents a share on revenue of $1.053 billion.
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