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Company News for December 23, 2016

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•    Shares of Bed Bath & Beyond Inc. (BBBY - Free Report) tanked 9.2% after the company third quarter earnings per share of $0.85 were substantially below the Zacks Consensus Estimate of $1

•    Shares of Micron Technology, Inc. (MU - Free Report) soared 12.7% after the company reported first-quarter fiscal 2017 earnings per share of $0.28 that came in ahead of the Zacks Consensus Estimate of $0.24

•    Shares of Red Hat Inc plunged 13.9% after resignation of Chief Financial Officer Frank Calderoni and a downbeat revenue outlook for fiscal 2017 did not go well with investors

•    Apple Inc.’s (AAPL - Free Report) shares declined 0.7% after Nokia said it had sued the iPhone maker for patent infringement


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