Stocks to Watch: Stocks to watch Thursday: Oracle, Micron
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Oracle Corp., Micron Technology Inc., Discover Financial Services /quotes/zigman/470130/quotes/nls/dfs DFS -1.87% , and Bed Bath & Beyond Inc.
Oracle /quotes/zigman/76584/quotes/nls/orcl ORCL -1.38% is expected to report fourth-quarter earnings of 71 cents a share, according to a consensus survey by FactSet Research.
Micron /quotes/zigman/75433/quotes/nls/mu MU +0.37% is projected to report third-quarter earnings of 18 cents a share.
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Discover Financial Services /quotes/zigman/470130/quotes/nls/dfs DFS -1.87% is forecast to post second-quarter earnings of 75 cents a share.
H&R Block Inc. /quotes/zigman/219890/quotes/nls/hrb HRB +0.38% is likely to report fourth-quarter earnings of $2.15 a share.
Lennar Corp. /quotes/zigman/232035/quotes/nls/len LEN +1.46% is expected to post second-quarter earnings of 4 cents a share.
Finish Line Inc. /quotes/zigman/71779/quotes/nls/finl FINL -3.59% is forecast to report first-quarter earnings of 30 cents a share.
Conagra Foods Inc. /quotes/zigman/222950/quotes/nls/cag CAG +1.97% is likely to post fourth-quarter earnings of 48 cents a share.
Rite Aid Corp. /quotes/zigman/239690/quotes/nls/rad RAD -0.90% is projected to report a loss of 12 cents a share in the first quarter.
After Wednesday’s closing bell, Bed Bath & Beyond /quotes/zigman/68991/quotes/nls/bbby BBBY 0.00% reported its fiscal first-quarter profit rose to $181 million, or 72 cents a share, from $138 million, or 52 cents a share, a year ago. Revenue increased 10% to $2.11 billion from $1.92 billion.
Paychex Inc. /quotes/zigman/76829/quotes/nls/payx PAYX -0.87% reported fiscal fourth-quarter profit of $182.8 million, or 33 cents a share, slightly up from $173.6 million, or 32 cents a share, a year ago. Revenue rose 5% to $522.7 million from $496.2 million.
Prologis Inc. /quotes/zigman/5338164/quotes/nls/pld PLD +0.03% will offer 30 million common shares in a public offering. The developer of industrial real estate also plans to grant the underwriters an option to purchase up to 4.5 million additional shares.
Red Hat Inc. /quotes/zigman/208092/quotes/nls/rht RHT -0.07% said its fiscal first-quarter profit rose to $32.5 million, or 17 cents a share, from $24.1 million, or 12 cents a share in the same period last year. The provider of open-source business software said revenue climbed 27% to $264.7 million. Excluding one-time items, Red Hat said earnings were 24 cents a share for the quarter.
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Sue Chang is a MarketWatch reporter in San Francisco.
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