Micron Technology ( MU) posted a loss in its fiscal second quarter of $286 million, or 28 cents a share, as revenue rose 3% to $2.08 billion. Analysts were looking for a quarterly loss of 20 cents a share on revenue of $1.92 billion. The chipmaker said DRAM products sales rose 24% sequentially.
BP ( BP), the U.K. energy giant, said Friday it would repurchase $8 billion of its shares, distributing to shareholders some of the proceeds from the sale of its stake in its Russian unit, TNK-BP, to OAO Rosneft. 5 Huge Stocks to Trade for Gains
Tiffany ( TIF), the upscale jewelry retailer, is expected by analysts Friday to report fourth-quarter earnings of $1.36 a share on revenue of $1.25 billion.
Tech Data ( TECD) said Thursday it would restate its results for the last three fiscal years because of a problem with how its U.K. operation reflected vendor accounting. Tech Data, the technology product distributor, said the restatement could reduce net income by $25 million to $33 million over the three years. 4 Stocks Under $10 Making Big Moves
Darden Restaurants ( DRI), the owner of Olive Garden and Red Lobster restaurants, is forecast to report fiscal third-quarter earnings of $1.01 a share.
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