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Corporate Summary

•    Metlife Inc. (NYSE:MET) plunged 2.3% after the insurance company lowered its earnings forecasts for fiscal 2013 despite raising the current year’s outlook

•    Pier 1 Imports, Inc. (NYSE:PIR) reported third quarter earnings per share of $0.25, beating the Zacks Consensus Estimate of $0.24 by a penny

•    Ciena Corporation (NASDAQ:CIEN) posted a fourth quarter loss per share of $0.16, wider than the Zacks Consensus Estimate of a loss of $0.14

•    Hovnanian Enterprises, Inc. (NYSE:HOV) posted fourth quarter earnings per share of $0.02, surpassing the Zacks Consensus Estimate of a loss of $0.06

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