NEW YORK (TheStreet) -- Hardware and software company Logitech (LOGI) - Get Report expects revenue of about $2.4 billion and operating income of about $90 million for the fiscal year, down from its previous outlook of sales of about $2.5 billion and operating income of at least $143 million.

Shares were tumbling 13.5% to $7.56 in premarket trading Thursday.

Industrial systems and aerospace giant

United Technologies

said late Wednesday it

struck

a deal to acquire aircraft landing systems and electronic systems maker

Goodrich

( GR) at a 16% premium to the stock's latest close.

Goodrich shares were surging 10.4% to $120.90 in premarket trading Thursday and United Technologies shares were falling 3.8% to $72.

Used-car retailer

CarMax

(KMX) - Get Report

reported second-quarter profit of 49 cents a share, below the average analyst estimate of 51 cents a share.

Shares were plunging 8% to $25.25.

Direct banking and payment services company

Discover Financial Services

(DFS) - Get Report

reported third-quarter profit of $1.18 a share; analysts were expecting 96 cents. The company earned 47 cents a share a year earlier.

Shares were down 1.3% to $25.

Open source software specialist

Red Hat

(RHT) - Get Report

said its fiscal second-quarter profit jumped to 29 cents a share from 19 cents a year earlier, excluding items, beating the 25-cent average estimate of analysts surveyed by Thomson Reuters. The company also raised its full-year earnings forecast to $1.03 to $1.05 a share from 98 cents to $1.

Red Hat shares were gaining 5.5% to $42.50.

Retail drugstore chain

Rite Aid

(RAD) - Get Report

reported a second-quarter loss of 11 cents a share vs. the average analyst expectation of a loss of 17 cents.

Shares were rising 2.8% to $1.10.

Shares of

Hewlett-Packard

(HPQ) - Get Report

were down 1.9% to $23.52 a day after reports emerged that the computer maker's board is considering ousting CEO Leo Apotheker after less than a year on the job.

Bloomberg

reported HP may struggle to find a replacement and that the board might appoint former

eBay

CEO Meg Whitman to lead the company until it finds a permanent successor.

Athletic apparel company

Nike

(NKE) - Get Report

is expected by analysts to report first-quarter earnings of $1.21 a share after the markets close Wednesday vs. last year's earnings of $1.14. Shares were falling 1.5% to $84.50.

Bed, Bath & Beyond

(BBBY) - Get Report

said it predicts that revenue will increase 5% to 7% in the third quarter and 4% to 6% in the fourth quarter, below estimates.

However, the company

blew past

Wall Street's expectations with its latest quarterly profit as total sales rose more than 8% year over year.

The Union, N.J.-based domestic merchandise and home furnishings retailer reported earnings of $229.4 million, or 93 cents a share, for the quarter on sales of $2.31 billion. Same-store sales rose 5.6% for the period.

The average estimate of analysts polled by

Thomson Reuters

was for earnings of 84 cents a share in the company's second quarter on revenue of $2.31 billion.

Shares were falling 1% to $56.92.

Transportation services company

FedEx

(FDX) - Get Report

lowered its full-year forecast to $6.25 to $6.75 a share from $6.35 to $6.85 a share.

The company reported first-quarter earnings of $1.46 a share vs. the average analyst estimate of $1.45 a share.

Shares were down 1% to $71.80.

Standard & Poor's late Wednesday said it is swapping semiconductors for potash,

picking

Mosaic Co.

(MOS) - Get Report

to join the

S&P 500

, replacing

National Semiconductor

(NSM)

.

Mosaic shares were up 0.9% to $64.13.

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here:

Andrea Tse

.

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