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Corporate Summary

•    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

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