Thursday, March 24, 2011

Stocks In Focus: RHT, MU, DSCM

Stock Trader
Shares of Red Hat Inc. (NYSE: RHT) surged more than 13% on Thursday, a day after the company reported that its fourth-quarter net income rose to $33.5 million, or 17 cents a share, from $23.4 million, or 12 cents a share in the year-ago period. On an adjusted basis, the company earned 26 cents a share in the latest quarter. Revenue climbed 25% to $244.8 million. 

Micron Technology Inc. (NASDAQ: MU) jumped more than 5% in Wednesday's pre-market trading, a day after the memory-chipmaker reported that its fiscal second-quarter net income dropped to $72 million, or 7 cents a share, compared to $365 million, or 39 cents a share in the year-ago period. Revenue increased to $2.3 billion from $2 billion. Analysts, o average, had expected Micron to report earnings of 3 cents a share, and $2.1 billion in revenue.

Shares of online retailer, inc. (NASDAQ: DSCM) soared more than 100% in Tursday's pre-market trading after the company agreed to be acquired by Walgreens in a transaction with a total enterprise value of approximately $409 million.

Full Disclosure: None.
Related Posts with Thumbnails

Wikinvest Wire