• Pier 1 (NYSE:PIR) posted better-than-expected first quarter earnings of 7 cents a share, up from Zacks consensus of a 2 cent loss, on revenues of $306.3 million, above Zacks estimates of $305 million
• Smithfield Foods (NYSE:SFD) reported in-line fourth quarter earnings of 18 cents a share, on revenues of $2.91 billion, slightly below Zacks estimates of $2.92 billion
• JM Smucker (NYSE:SJM) posted fourth quarter earnings of $1.01, up from Zacks estimates of 80 cents, on revenues of $1.07 billion, slightly above Zacks estimates of $1.05 billion
• Goldman Sachs (NYSE:GS) initiated coverage of Micron technology (NYSE:MU) with a “buy” rating, and a price target of $12, and a “neutral” rating on SanDisk (NASDAQ:SNDK), with a price target of $40
• HSBC (NYSE:HBC) initiated coverage of General Dynamics (NYSE:GD) with an “overweight” rating and a price target of $75
• Despite an AT&T (NYSE:T) computer glitch, Apple (NASDAQ:AAPL) said its pre-order sales of iPhone 4s topped 600K, heading the new model toward prior sales of earlier iPhones and iPad devices
