Nucor Issues Upbeat Outlook

Nike posts higher net; Adobe profit climbs; plus more of today's stocks in the news

Adobe Systems (ADBE ) posted first quarter earnings per share (GAAP) of 50 cents, vs. 23 cents one year earlier, on a 43% revenue rise. The company sees earnings per share (GAAP and non-GAAP) of 33 cents to 39 cents in the second quarter and $1.40 to $1.46 for all of fiscal 2004. It raised its $1.425 billion fiscal 2004 revenue guidance to $1.475 billion to $1.5 billion. S&P reiterates buy. Prudential upgraded the shares.

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