• Rite Aid (NYSE:RAD) reporting a first-quarter loss of 9 cents a share, versus Zacks expectations of a 14 cent loss on revenues of $6.4 billion, in-line with Zacks estimates
• Red Hat (NYSE:RHT) reported first quarter results of 18 cents, ahead of Zacks expectations of 13 cents, on in-line revenues of $209 million
• Jabil Circuit (NYSE:JBL) reported better-than-expected fiscal third quarter earnings of 40 cents a share, 14 cents higher than Zacks estimates on revenues of $3.5 billion, which beat Zacks estimates of $3.2 billion
• Adobe (NASDAQ:ADBE) topped Zacks projections by 11 cents, reporting fiscal second quarter earnings of 44 cents on revenues of $943 million, topping projections of $906 million
• Piper Jaffray (NYSE:PJC) raised its price target for Crocs (NASDAQ:CROX) shares from $13 to $14, while maintaining an “overweight” rating on the shares
• Philip Morris (NYSE:PM) revised is fiscal 2010 earnings guidance to $3.70-$3.80, reflecting a 14%-17% gain in fully diluted results, up from April’s 10%-13% range
• FBR Capital maintained their “outperform” rating on Adobe (NASDAQ:ADBE), placing a price target of $41 on the shares
