Company News for September 23, 2010 - Corporate Summary

• Bed Bath & Beyond (NASDAQ:BBBY) reported better-than-expected earnings after the close of markets yesterday. Fiscal second quarter earnings beat estimates by 7 cents, coming in at 70 cents on an 11.6% revenue gain to $2.14 billion, up slightly from estimates of $2.10 billion

• Red Hat (NYSE:RHT) topped estimates with second-quarter earnings one cent higher than anticipated at 19 cents, as revenues climbed 19.7% to $219.8 million, above estimates of $211.5 million

• Rite Aid (NYSE:RAD) posted a fiscal second-quarter adjusted loss of 18 cents a share, versus consensus estimates for a 17 cent loss, as revenues dropped 2.5% to $6.16 billion, shy estimates of $6.19 billion. The firm lowered fiscal 2011 guidance

• Goldman Sachs (NYSE:GS) added Mylan (NYSE:MYL) to its Conviction Buy List with a price target of $26

• McDonalds (NYSE:MCD) raised its quarterly dividend 11% to 61 cents from 51 cents, bringing the yield to 3.3%

• Goldman Sachs (NYSE:GS) downgraded Tiffany (NYSE:TIF) to “sell” from “neutral”

• UBS (NYSE:UBS) said it does not see Brocade (NASDAQ:BRCD) a likely takeover candidate

Company News for September 23, 2010 – Corporate Summary

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