Company News for June 22, 2012 - Corporate Summary

"    Bed Bath & Beyond Inc. (NASDAQ:BBBY) plunged 17% after it lowered on earnings forecast for the next quarter. This is despite the fact that late on Wednesday it reported first quarter earnings per share of $0.89, surpassing the Zacks Consensus Estimate of $0.84

"    Shares of CLARCOR Inc. (NYSE:CLC) lost 8.9%, a day after it posted second quarter earnings per share of $0.65, missing the Zacks Consensus Estimate of $0.70. The company has also scaled down its earnings forecast for the full fiscal year ending November 2012

"    Micron Technology, Inc. (NASDAQ:MU) fell 7.8%, a day after it reported third quarter loss per share of $0.32, lower than the Zacks Consensus Estimate loss of $0.19 by 13 cents

"    Shares of Red Hat, Inc. (NYSE:RHT) dropped 6.2%, a day after it posted first quarter earnings per share of $0.20, higher than the Zacks Consensus Estimate of $0.19 by a penny

"    Steelcase Inc. (NYSE:SCS) reported first quarter earnings per share of $0.13, matching the Zacks Consensus Estimate of $0.13

"    ConAgra Foods, Inc. (NYSE:CAG) reported fourth quarter earnings per share of $0.51, beating the Zacks Consensus Estimate of $0.50 by a penny

"    Rite Aid Corporation (NYSE:RAD) posted first quarter earnings per share of $0.01, higher than the Zacks Consensus Estimate loss of $0.04

"    CarMax, Inc. (NYSE:KMX) posted first quarter earnings per share of $0.52, matching the Zacks Consensus Estimate of $0.52
 
 
To read this article on Zacks.com click here.
 
Zacks Investment Research