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Take a look at some of Wednesday's morning movers:
Adobe Systems - The software producer did beat estimates by a penny with fiscal second-quarter earnings per share of 60 cents, but it cut its full year guidance, reflecting weaker demand in Europe.
Jabil Circuit - Jabil reported fiscal third-quarter profit of 64 cents per share, matching estimates, but its current quarter outlook falls below Street consensus. However, the electronic contractor’s shares are getting a boost after beleaguered mobile phone maker Research In Motion dropped Jabil competitor Celestica as a supplier.
Research In Motion itself is in the news, with the Wall Street Journal reporting that the company has started laying off small groups of employees as part of a broad restructuring.
Aetna - The insurer has won a Medicare contract from the Teachers Retirement System Of Texas. The contract could bring in more than $800 million in premiums for Aetna next year.
Lockheed Martin - The defense contractor is warning that says its cost will jump by hundreds of millions of dollars if $500 billion in mandated additional defense spending cuts take effect in January as scheduled.
GNC Holdings - GNC has announced a $300 million stock buyback program. The health products retailer expects to program to begin on or about July 31 and last for 12 months.
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