Best Buy Co., Inc. (BBY: Quote) is up nearly 1 percent to $18.31. The company's first quarter profit declined from the year-ago quarter, while its revenue improved 2 percent. Meanwhile, the company reaffirmed its previously provided annual guidance for fiscal 2013. The company said it is creating a long-term plan designed to make company more relevant with customers and position it for sustained, profitable returns in the years ahead.
Medtronic, Inc. (MDT: Quote) is rising more than 2 percent to $38.70 . The company's first quarter profit increased from the year-ago period, while adjusted earnings per share topped estimate by a penny.
AutoZone, Inc. (AZO: Quote) is falling nearly 3 percent to $358. The company's third quarter profit increased from the previous year period. Net sales advanced 6.7 percent, but missed the consensus estimate.
Ralph Lauren Corp. (RL: Quote) is down 3 percent to $142.01. The company's fourth quarter profit and net revenues rose from the year-ago quarter, and were above Wall Street view. The company expects first quarter consolidated net revenues to increase by a low single-digit percentage, and operating margin from continuing operations to be approximately 250-300 basis points below prior year.
Facebook Inc. (FB: Quote) is falling more than 3 percent to $32.80.
Trading in shares of Benihana Inc. (BNHN: Quote) was halted. The company has agreed to be acquired by funds advised by Angelo, Gordon & Co.'s Private Equity Group for $16.30 per share in cash.
Trading in shares of EDGAR Online Inc. (EDGR: Quote) was halted. RR Donnelley (RRD) has agreed to acquire the company in a deal valued at approximately $70.5 million.
| || |
| To receive FREE breaking news email alerts for Best Buy Co Inc. and others in your portfolio|
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org