Company News for May 27, 2009

• Cree (NASDAQ:CREE - Snapshot Report) provided upside guidance for its fiscal fourth quarter earnings and revenues. The company said it expects earnings of 15 cents to 17 cents per share, ex-items, versus consensus estimates of 14 cents, as revenues of $143 million to $150 million beat estimates of $139.43 million on stronger LED component bookings for lighting-related applications

• Take-Two (NASDAQ:TTWO - Snapshot Report) beat estimates with a fiscal second quarter loss of 4 cents a share, ex-items, as revenues declined 57.4% year-over-year to $229.7 million, versus estimates of $218.5 million. The firm issued downside third quarter guidance, but mixed fiscal 2008 guidance, anticipating full-year results of breakeven to a 20 cents a share profit ex-items, versus Street estimates of 12 cents, on revenues of $1.05 billion to $1.15 billion, versus estimates of $1.17 billion

• Barclays (NYSE:BCS - Snapshot Report) lifted 2010 estimates for Qualcomm (NASDAQ:QCOM - Analyst Report) and Broadcom (NASDAQ:BRCM - Analyst Report), expecting the two to benefit from increased market shares

• AutoZone (NYSE:AZO - Analyst Report) reported a better-than-expected fiscal third quarter earnings of $3.13 a share, beating by 24 cents, as revenues increased 9.3% year-over-year to $1.7 billion

• Staples (NASDAQ:SPLS - Analyst Report) released first quarter earnings of 22 cents a share, beating estimates by one cent per share on in-line revenues of $5.8 billion

Read the full analyst report on CREE

Read the full analyst report on TTWO

Read the full analyst report on BCS

Read the full analyst report on AZO

Read the full analyst report on SPLS