Pre-Bell Buzzers: Adobe Annihilated, Microsoft Mounts, Facebook Faded

Shares of Adobe Systems Inc. (NASDAQ:ADBE) are down 5.66 percent in pre-market trading. The company announced that net income for the second-quarter fell to $223.9 million (45 cents per share), compared to $229.4 million (45 cents per share) a year earlier. Revenue for the quarter rose 9.9 percent to $1.12 billion.

A Closer Look: Adobe Earnings Cheat Sheet>>

Microsoft Corp. (NASDAQ:MSFT) shares are edging higher 16 cents in pre-market trading, after closing nearly 3 percent higher on Tuesday. At a special Apple-wannabe (NASDAQ:AAPL) event in Los Angeles, the company unveiled its own Windows-powered tablet computer called Surface, a name it first used years ago to demonstrate a tabletop computer. The Surface is the first computer the company has ever made and will come in two versions. The Windows RT tablet is 9.3 mm thick and weighs 1.5 pounds, but the Windows 8 version is 13.5 mm and weighs about 2 pounds.

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After closing down 8.55 percent during regular trading yesterday, J.C. Penney Co. (NYSE:JCP) shares are bouncing 5 cents higher premarket hours this morning. The department store operator unexpectedly announced that President Michael Francis is leaving, effective Monday. No reason was given and Francis had only been with JCP since October, near the time when former Apple executive Ron Johnson also joined the company. Both had previously worked together at Target Corp. (NYSE:TGT).

Facebook (NASDAQ:FB) shares are dipping .44 percent before the opening bell. However, the social-media giant jumped 1.6 percent on Tuesday after saying it will scrap its Credits virtual currency system and add the ability for developers to use subscriptions to monetize apps better.

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