RIM Jumps: Morning Tech Bytes

Blackberry-maker RIM rose 3% in pre-market trading Friday after posting better-than-expected earnings.
By Olivia Oran ,

NEW YORK (

TheStreet

) --

Research In Motion

(RIMM)

rose 3% in pre-market trading Friday after

beating third-quarter earnings estimates.

The company also reported smartphone shipments of 14.2 million, slightly better than analyst estimates of 14 million.

Take Two Interactive

(TTWO) - Get Report

jumped 7% in pre-market trading to $12.79 as the company posted stronger-than-expected fourth quarter earnings.

The video game company, known for franchises like

NBA 2K11

and

Red Dead Redemption

, generated earnings of 58 cents per share, up from a loss of 30 cents per share during the same period last year.

Revenue also grew 32% to $373.7 million.

Oracle

(ORCL) - Get Report

shot up 4.7% in pre-market trading to $31.65, as the company reported

second-quarter results well ahead of analyst expectations

.

The software giant reported an adjusted profit of $2.6 billion, or 51 cents a share, on revenue of $8.65 billion. Analysts were looking for earnings of 46 cents a share on revenue of $8.34 billion.

Yahoo!

(YHOO)

announced Thursday that it is

shutting down several non-core web properties

, including search site AltaVista.

Earlier this week, the Sunnyvale, Calif.-search giant said that it was cutting 4% of its workforce, or about 600 jobs.

Hulu

said Thursday that it expects to generate 2010 revenue of $260 million, ahead of projections. The online video company posted revenue of $108 million last year.

--Written by Olivia Oran in New York.

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