Bed Bath & Beyond Inc. (BBBY: Quote) is due to report results for the first quarter. The home furnishing retailer is expected to earn $0.84 per share on revenues of $2.25 billion. In the year-ago quarter, the company reported earnings of $0.72 per share on revenues of $2.11 billion. The shares closed Tuesday at $74.72. (The stock gained nearly 13% in Q1; MA(50)- $70.50; MA(100)- $66.74; 52-wk H/L $75.84/$48.75)
Red Hat, Inc. (RHT: Quote), the world's largest seller of Linux software, is scheduled to post first-quarter results. Quarterly earnings and revenue are expected to be $0.27 per share and $310.77 million respectively. Last year, the company earned $0.24 per share on revenues of $264.75 million. Shares of RHT closed Tuesday's trade at $56.92. (The stock surged around 45% in Q1; MA(50)- $56.60; MA(100)- $53.86; 52-wk H/L $62.75/$31.77)
Micron Technology Inc. (MU: Quote) is expected to report third-quarter results. The company is expected to post a loss of $0.20 per share compared to the profit of $0.07 per share last year. Also, the memory chip maker is anticipated to generate revenues of $2 billion versus $2.14 billion in the prior-year quarter. The company's shares closed Tuesday's session at $6.10. (The stock up about 29% in Q3; MA(50)- $6.26; MA(100)- $7.23; 52-wk H/L $9.16/$3.97)
Sonic Corp. (SONC: Quote) will report third-quarter results today. Earnings for the quarter are expected to grow to $0.22 per share from $0.21 per share reported a year ago, with revenues estimated at $149.54 million. The stock closed Tuesday at $9.17. (The stock rose almost 14% in Q3; MA(50)- $7.73; MA(100)- $7.72; 52-wk H/L $11.34/$6.35)
Actuant Corp. (ATU: Quote), Clarcor Inc. (CLC: Quote), Goodrich Corp. (GR: Quote) and Steelcase Inc. (SCS: Quote) are also slated to report their results today.
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by RTT Staff Writer
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