Company News for May 23, 2012 - Corporate Summary

By Zacks.com,  May 23, 2012, 09:45:18 AM EDT

•    Shares of Cree, Inc. (NASDAQ: CREE ) declined 6.5% following news that John Kurtzwell, Chief Financial Officer has resigned. Controller Michael McDevitt will serve as CFO on an interim basis

•    Ralph Lauren Corporation (NYSE: RL ) gained 2.7% after it posted fourth quarter earnings per share of $0.99, surpassing the Zacks Consensus Estimate of $0.85. The company also doubled its quarterly cash dividend, amounting to $0.40 per share

•    Dell Inc. (NASDAQ: DELL ) reported first quarter earnings per share of $0.43, missing the Zacks Consensus Estimate of $0.46 by 3 cents

•    Best Buy Co., Inc. (NYSE: BBY ) posted first quarter earnings per share of $0.72, beating the Zacks Consensus Estimate of $0.59
 


 
BEST BUY (BBY): Free Stock Analysis Report
 
CREE INC (CREE): Free Stock Analysis Report
 
DELL INC (DELL): Free Stock Analysis Report
 
RALPH LAUREN CP (RL): Free Stock Analysis Report
 
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Business, Investing Ideas, Stocks

Referenced Stocks: BBY, CREE, DELL, RL



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