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
said late Wednesday it
a deal to acquire aircraft landing systems and electronic systems maker
( 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.
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
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
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
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.
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.
reported HP may struggle to find a replacement and that the board might appoint former
CEO Meg Whitman to lead the company until it finds a permanent successor.
Athletic apparel company
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
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
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
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
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,
to join the
Mosaic shares were up 0.9% to $64.13.
-- Written by Andrea Tse in New York.
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