NEW YORK (
) -- Shares of
Bed Bath & Beyond
fell in late trades Wednesday after the Union, N.J.-based specialty retailer beat Wall Street's profit view for its latest quarter but came in slightly below expectations on the top line.
For the three months ended Nov. 26, the company posted a profit of $228.5 million, or 95 cents a share, on sales of $2.34 billion with same-store sales rising 4.1%. The average estimate of analysts polled by
was for earnings of 88 cents a share on revenue of $2.35 billion in the November-ended period.
Bed Bath & Beyond also said it sees earnings of $1.28 to $1.33 a share for its fiscal fourth quarter ending in February and $3.86 to $3.92 a share for the full year. The current consensus estimate is for earnings of $1.30 a share in the fourth quarter.
The stock was last quoted at $59.15, down 3.7%, on volume of more than 400,000, according to
. Based on Wednesday's regular session close at $61.43, the shares were up more than 25% so far in 2011.
sent shares of
ticking lower in Wednesday's extended session.
For the three months ended Dec. 1, Micron posted a loss of $187 million, or 19 cents a share, on revenue of $2.09 billion. The loss was wider than its fiscal fourth-quarter loss of $135 million, or 14 cents a share, as well as beyond the average estimate of analysts polled by Thomson Reuters for a loss of 8 cents a share in the latest period on revenue of $2.13 billion.
Gross margins were 15% in the first quarter with improvements in margins for NAND flash memory products offset by softness in DRAM
dynamic random-access memory products, which saw average selling prices fall 12% in the period. Revenue from DRAM products was flat on a sequential basis, Micron said, while revenue from NAND flash products increased 6% quarter-to-quarter.
The stock was last quoted at $5.52, down 2 cents, on after-hours volume of nearly 500,000, according to
. The shares are down more than 25% year-to-date, and more than 50% from their 52-week high of $11.95 on Feb. 14.
Shares of cloud computing company
rose in late trades after the company delivered a
The stock had initially traded lower after its report, extending a 6%-plus decline in the regular session after
's weak earnings on Tuesday night cast a pall over the tech sector. But after going as low as $20.61, Tibco shares were last quoted at $22.85, up 4% on volume of 1.18 million.
For the three months ended Nov. 30, Tibco reported non-GAAP earnings of $72.2 million, or 42 cents a share, on revenue of $289.5 million. The performance bested the average estimate of analysts polled by
for aprofit of 35 cents per share on revenue of $281.3 million.
Other big movers in the after-hours session included
( WCAA), which jumped nearly 30% to $6.37 on volume of more than 100,000 after the company agreed to be acquired by a private equity firm for $6.50 per share in a deal worth an estimated $526 million; and
, which fell almost 12% to $3.90 on volume of less than 20,000 after the company declared a quarterly dividend of 5 cents a share, much lower than its previous payout level.
Written by Michael Baron in New York.
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