Nike Inc. (NKE) gained 8 percent to $57.81. The company's third quarter profit and revenues improved form the previous year period. While the company's quarterly earnings per share were above Wall Street view, revenue missed the consensus estimate.
Micron Technology Inc. (MU) rose nearly 4 percent to $9.42. The company's second quarter loss widened from the year-ago quarter. Net sales improved and topped the consensus estimate. The company noted that gross margin improvements were realized from sales of NAND Flash products and from sales of DRAM products due to decreases in manufacturing costs.
TIBCO Software Inc. (TIBX) declined 15 percent to $19.76. The company's first quarter profit plunged from the prior year period and its non-GAAP earnings per share were below Wall Street view. Revenues improved, but missed the consensus estimate.
Monster Beverage Corp. (MNST) declined 3 percent to $48.76 amidst a report about a study that found energy drinks boost blood pressure as heartbeat altered.
Tech Data Corp. (TECD) fell over 11 percent to $43.99 following the company's announcement that it will restate its previously issued financial statements to correct improprieties primarily related to how its U.K. subsidiary reflected vendor accounting. The company also plans to seek a 15-day filing extension for its Annual Report on Form 10-K for the fiscal year ended January 31, 2013.
New York & Company Inc. (NWY) plunged 10 percent to $4.10. The company swung to a profit in its fourth quarter, while its adjusted earnings per share missed analysts' estimate. Net sales improved and topped the consensus estimate. Meanwhile, the company forecast first quarter net sales to decrease in the low single-digit range reflecting softer than anticipated business in February.
by RTT Staff Writer
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