OCZ Technology ( OCZ), a provider of solid-state drives for computing devices, said it expects fiscal year 2012 revenue to be in the range of $320 million to $350 million, compared with $190 million in fiscal year 2011, after swinging to profit in the second quarter. Shares were surging 16.5% to $5.79.
Sports apparel retailer Zumiez ( ZUMZ) said it now expects earnings of 40 cents to 41 cents a share in its third quarter. The company's prior forecast was for a profit of 37 cents to 39 cents a share. The current average estimate of analysts polled by Thomson Reuters is for earnings of 39 cents a share. Shares were surging 14.4% to $21.50.
Restaurant operator Ruby Tuesday ( RT) said Wednesday that its fiscal first-quarter earnings fell 75% as sales dropped. The company reported a profit of 5 cents a share, meeting estimates. The company said it expects to lose 4 cents during the current quarter, and cut its full-year forecast. Shares were tumbling 9.2% to $6.50.
Wine company Constellation Brands ( STZ) reported second-quarter earnings of 77 cents a share vs. the average analyst estimate of 66 cents a share. Shares were jumping 6.8% to $19.99.
Reuters reported Wednesday that software giant Microsoft ( MSFT) was mulling an acquisition bid for Internet company Yahoo! ( YHOO). The report has since been shot down by other outlets. Yahoo! shares were falling 4.1% to $15.27.
Chipotle Mexican Grill ( CMG) has been downgraded to market perform from outperform at William Blair. Shares were falling 2.9% to $292.
Retailer Target ( TGT) net retail sales for the five weeks ended Oct. 1 increased 6.5% to $5.923 billion from $5.562 billion for the comparable five-week period a year ago. September comparable-store sales increased 5.3%. Shares were gaining 2.7% to $51.10.
Microsoft is set to win European Union approval for its planned $8.5 billion acquisition of online telephone service Skype, according to the Financial Times. Microsoft shares were up 0.5% to $26.02.
Hotel operator Marriott International ( MAR) sees earnings of 40 cents to 45 cents a share for the fourth quarter vs. the consensus view of 49 cents. For the third quarter, Marriot booked a net loss of $179 million, or 52 cents a share, compared with a year-earlier profit of $83 million, or 22 cents. Costs related to the timeshare business dragged down the hotelier's third-quarter results. Excluding those charges, adjusted earnings came to $104 million, or 29 cents a share, topping analysts' consensus call by 2 cents. -- Written by Andrea Tse in New York. >To contact the writer of this article, click here: Andrea Tse.