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 Nasdaq.com. Based on Wednesday's regular session close at $61.43, the shares were up more than 25% so far in 2011.
Micron TechnologyA much deeper than expected quarterly loss sent shares of Micron Technology ( MU) 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