Adobe Raises Guidance

Boeing revenues rise; TiVo gets downgrade after president resigns; plus more of Wednesday's stocks in the news

Google (GOOG ) posted 71 cents, vs. 10 cents fourth-quarter earnings per share on a sharp revenue rise. The company posted 92 cents EPS in the current period excluding a $60 million charge to cover stock compensation.

Adobe Systems (ADBE ) raises 45 cents to 48 cents first-quarter earnings per share guidance to 47 cents to 51 cents, on revenue of $450 million to $470 million (vs. prior guidance of $435 million to $455 million). The company cites strength in sales of the Acrobat 7.0 product family.

Boeing (BA ) posted 23 cents, vs. $1.40 fourth-quarter earnings per share despite a 1.2% revenue rise. It sees $2.40 to $2.60 2005 earnings per share and $3.00 to $3.20 2006 earnings per share.

Citigroup downgrades TiVo (TIVO ) to sell from hold. Yesterday the company announced that Marty Yudkovitz resigned as president.

Monster (MNST ) posted 20 cents, vs. 11 cents fourth-quarter earnings per share on a 45% revenue rise. The company sees 16 cents to 17 cents first-quarter earnings per share.

Nvidia (NVDA ) raises more than $516 million fourth-quarter revenue guidance to $560 million to $570 million and sees 33.5% to 34.5% gross margin percentage, vs. 33.3% previous guidance.

Countrywide Financial (CFC ) posted 56 cents, vs. 94 cents fourth-quarter earnings per share. The company raises its quarterly dividend 16% to 14 cents.

Linens 'n Things (LIN ) posted better-than-expected 99 cents (including item), vs. $1.02 fourth-quarter earnings per share on an 11% revenue rise. It sees 6 cents to 9 cents first-quarter earnings per share on 6% to 9% sales growth. The company targets $1.80 to $1.86 2005 earnings per share. S&P reiterates buy.

Rohm & Haas (ROH ) posted 56 cents, vs. 49 cents fourth-quarter earnings per share from continuing operations on a 13% revenue rise. The company sees $2.50 to $2.75 2005 earnings per share.

Oshkosh B'Gosh (GOSHA ) posted 73 cents, vs. 8 cents fourth-quarter earnings per share on an 11% same-store sales rise and an 11% total sales rise.

Pacer International (PACR ) posted 44 cents, vs. 30 cents fourth-quarter earnings per share on a 16% revenue rise.

Maxim Integrated (MXIM ) posted 42 cents, vs. 28 cents second-quarter earnings per share on a 29% revenue rise. S&P reiterates a strong buy.

Chubb Corp. (CB ) posted $2.15m vs. 38 cents fourth-quarter operating earnings per share on a 5.1% rise in net premiums written. The company sees $7.60 to $8.00 2005 operating earnings per share.

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