• Rio Tinto (NYSE:RIO) revised its bid amount for Riversdale Mining, offering $3.9 billion, up from $3.5 billion
• Bed Bath & Beyond (NASDAQ:BBBY) posted fiscal third quarter profits of $0.74, below the Zacks Consensus Estimate of $0.93, and reported revenues of $2.2 billion, which are again well below the Zacks Consensus Estimate of $2.35 billion. The company announced its plans for a $2 billion stock repurchase program, and increased guidance for 2010 from 20% EPS growth to 25% at $2.86-$2.90, besting estimates of $2.80
• Micron Tech (NASDAQ:MU) posted fiscal first quarter earnings of $0.15, well behind the Zacks Consensus Estimate of $0.19, as revenues rose 32% to $2.3 billion, beating the Zacks Consensus Estimate of $2.218 billion
• Leonard Green & Partners reported plans to buy Jo-Ann Stores (NYSE:JAS) at $61 per share
• Goldman Sachs (NYSE:GS) initiated coverage of ReneSola (NYSE:SOL) at a “buy” rating with potential 31% upside price
BED BATH&BEYOND (BBBY): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
JO-ANN STORES A (JAS): Free Stock Analysis Report
MICRON TECH (MU): Free Stock Analysis Report
RENESOLA LT-ADR (SOL): Free Stock Analysis Report
Zacks Investment Research
