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Wednesday, June 19, 2013 - 7:08pm
Finisar Beats Estimates; Provides Q1 Guidance Above Consensus (FNSR)
Finisar (NASDAQ: FNSR) released its fiscal fourth-quarter earnings results on Wednesday after the closing bell. The company reported both earnings per share and revenue that was ahead of Wall Street estimates. Finisar also provided strong first-quarter guidance, with expected EPS above current...
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Wednesday, June 19, 2013 - 7:06pm
Red Hat Jumps on Q1 Results (RHT)
Linux software vendor Red Hat (NYSE: RHT) released its fiscal first-quarter earnings results after the closing bell on Wednesday. The company reported both earnings per share and revenue that were ahead of Wall Street expectations. In late trading, Red Hat shares were last up almost 4 percent to...
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Wednesday, June 19, 2013 - 7:05pm
Micron Reports Q3 Results Ahead of Estimates (MU)
Boise, Idaho-based chipmaker Micron Technology (NASDAQ: MU) released its fiscal third-quarter earnings results on Wednesday after the closing bell. The company reported both earnings and revenue that were ahead of Wall Street consensus estimates. Nevertheless, the shares were last trading down...
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Wednesday, June 19, 2013 - 7:03pm
Jabil Circuit Posts Lower Q3 Profit (JBL)
Jabil Circuit (NYSE: JBL) released its fiscal third-quarter earnings results after the closing bell on Wednesday. Although the company reported a lower profit in the quarter, its revenue rose versus the year ago period. Jabil Circuit also reported both earnings and revenue that came in ahead of...
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Wednesday, June 19, 2013 - 4:26pm
Market Wrap for Wednesday, June 19: Stocks Plunge as Federal Reserve Discusses Pulling Back Stimulus
The U.S. stock market plunged in afternoon trading on Wednesday after Federal Reserve Chairman Ben Bernanke said that the central bank could begin tapering its quantitative easing program later this year amid optimistic signs for the economy. He added that the Fed intends to end the current bond-...
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UPDATE: Micron Technology, Inc. Reports Q3 EPS of $0.04 vs $0.02 Est; Revenue of $2.30B vs $2.25B Est
Wednesday, June 19, 2013 - 4:03pmMicron Technology, Inc., (NASDAQ: MU) today announced results of operations for its third quarter of fiscal 2013, which ended May 30, 2013. For the third quarter, the company had net income attributable to Micron shareholders of $43 million, or $0.04 per diluted share, on net sales of $2.3 billion...
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UPDATE: Steelcase Reports First Quarter Results
Wednesday, June 19, 2013 - 4:01pmSteelcase Inc. (NYSE: SCS) today reported first quarter revenue of $667.1 million and net income of $13.2 million, or $0.10 per share, including restructuring costs of approximately $0.03 per share. Excluding restructuring costs, adjusted earnings were $0.13 per share. Earnings per share were...
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Finisar Announces Fourth Quarter and Fiscal 2013 Financial Results
Wednesday, June 19, 2013 - 4:00pmFinisar Corporation (NASDAQ: FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced financial results for its fourth quarter and fiscal year ended April 28, 2013. COMMENTARY "I am pleased to report fiscal fourth quarter revenues of $243.4...
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Mid-Afternoon Market Update: Markets Fall Following FOMC Statement; Adobe Remains on the Rise
Wednesday, June 19, 2013 - 3:41pm
Toward the end of trading Wednesday, the Dow traded down 0.75 percent to 15,202.86 while the NASDAQ declined 0.57 percent to 3,462.11. The S&P also fell, dropping 0.72 percent to 1,639.51. Top Headline FedEx (NYSE: FDX) reported a drop in its fourth-quarter profit. FedEx's quarterly profit...
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Earnings Scheduled for June 20, 2013
Wednesday, June 19, 2013 - 2:27pmPre-Market • Pier 1 Imports (NYSE: PIR): Q1 2014 Earnings Conference Call 11:00AM EDT • Kroger (NYSE: KR): Q1 2013 Earnings Conference Call 10:00AM EDT • IHS (NYSE: IHS): Q2 2013 Earnings Conference Call 8:00AM EDT • Methode Electronics (NYSE: MEI): Q4 2013 Earnings Conference Call 11:...
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