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Earnings Watch For March 29 (BBY, RIMM, TIBX)

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Consumer electronics retailer Best Buy Co. Inc. (BBY: Quote) is scheduled to report fourth-quarter results. The company is expected to post earnings of $2.16 per share, higher than the year-ago quarter's $1.98 per share. Also, the company is anticipated to generate revenues of $17.21 billion, up from $16.26 billion in the prior-year quarter. The company's shares closed Wednesday's session at $26.62. (The stock up about 1% in Q4; MA(50)- $25.28; MA(100)- $25.45; 52-wk H/L $32.85/$21.79)

Research In Motion Ltd. (RIMM: Quote) is slated to report results for the fourth quarter. The smartphone maker is expected to earn $0.81 per share compared to $1.78 per share last year, on revenues of $4.54 billion. The stock closed Wednesday at $13.67. (The stock plunged around 29% in Q4; MA(50)- $14.94; MA(100)- $15.65; 52-wk H/L $57.32/$12.45)

TIBCO Software Inc. (TIBX: Quote) is expected to post first-quarter results. The company is expected to report earnings of $0.19 per share on revenues of $222.36 million. Last year, earnings and revenue were $0.16 per share and $185.34 million respectively. The company's shares closed Wednesday's regular trading at $31.01. (The stock rose around 7% in Q1; MA(50)- $28.44; MA(100)- $27.21; 52-wk H/L $32.20/$18.43)

Cache Inc. (CACH: Quote), Shaw Group Inc. (SHAW: Quote), Worthington Industries, Inc. (WOR: Quote) and Xyratex Ltd. (XRTX: Quote) are also due to report their results today.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season. Stocks moved notably higher over the course of the trading day on Monday, extending the strong upward move seen last Friday. The gains on the day continued the recent recovery by the markets, with the Nasdaq and the S&P 500 closing higher for the third consecutive session. While Republicans have largely tried to frame the upcoming midterm elections as a referendum on President Barack Obama, Sen. Ted Cruz, R-Tex., has joined the few offering guidance on what the GOP will do if it manages to retake control of the Senate.
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