Adobe Systems Inc., the largest maker of graphic-design software, reported fiscal second-quarter profit that exceeded analysts’ estimates as subscribers signed up for cloud-computing services at a faster clip.
Dollarama Inc., Canada’s largest dollar-store retailer, plunged the most in almost two years after reporting first-quarter earnings per share that fell short of analysts’ estimates for the first time since it went public.
Texas Instruments Inc., the largest maker of analog chips, predicted second-quarter profit and sales that may fall short of analysts’ most bullish estimates as some consumer-electronics makers hold off on component purchases.
Investors are driving railroad stocks to the best start to a year since 2008, looking past downgrades by Wall Street analysts, in a bet that Warren Buffett is right about the carriers’ long-term prospects.
Alex Freemon was so eager to be a stockbroker after graduating from the Georgia Institute of Technology last year that he said he was happy to go door to door selling mutual funds for Edward Jones & Co.