Treasurys: 30-year +0.56%. 10-yr +0.19%. 5-yr +0.05%.
Commodities: Crude -0.96% to $91.05. Gold -0.05% to $1763.75.
Currencies: Euro -0.19% vs. dollar. Yen -0.07%. Pound +0.14%
Research In Motion (RIMM): FQ2 EPS of -$0.27 beats by $0.19. Revenue of $2.87B (-31% Y/Y) beats by $370M. 7.4M BlackBerry shipments, 130K PlayBooks. Shares +14% AH. BlackBerry subs totaled 80M, as forecast. Gross margin was 26%, down 200 bps Q/Q and 1270 bps Y/Y. Cash/investments +$100M Q/Q to $2.3B. BlackBerry shipments -5% Q/Q and -30% Y/Y, but better than feared. Operating loss expected for FQ3 (no surprise), but no specific guidance given. R&D expenses nearly flat Q/Q and sales/marketing up 1%, as job cuts get started. RIMM +13.6% AH.
AZZ (AZZ): Q2 EPS of $0.62 beats by $0.10. Revenue of $153.4M (+33% Y/Y) beats by $7M. Shares +8.3% AH
Micron Technology (MU): FQ4 EPS of -$0.24 misses by $0.03. Revenue of $1.96B (-8% Y/Y) misses by $170M. Shares +0.8% AH
Clearwire (CLWR) -3.4% AH after announcing Time Warner Cable (TWC) will sell 46.4M Class A shares (3.2% of total outstanding shares and 7.8% of Class A shares) through a public offering. TWC had already disclosed its intent to sell the stake - investors could be disappointed other Clearwire shareholders didn't exercise their option to buy part or all of it
Nike (NKE): FQ1 EPS of $1.23 beats by $0.11. Revenue of $6.67B (+10% Y/Y) beats by $260M Gross margin was 43.5%, up 70 bps Q/Q but down 80 bps Y/Y. Futures orders +6% Y/Y to $8.9B, below revenue growth of 10%. North America +23% Y/Y, but Western Europe -5% (+6% in constant currency), Japan -6%. Greater China and Emerging Markets +8% each , a slowdown from FQ4's +18% and +16%. Opex +18% Y/Y, outpacing revenue growth. $779M worth of shares repurchased. CC at 5PM ET NKE -2.8% AH
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