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Take a look at some of Friday morning’s early movers:
Darden Restaurants - The parent of Red Lobster and Olive Garden earned $1.25 per share for its fiscal third quarter, one cent above estimates. Revenues were also slightly above consensus. Darden said the key factor was the underlying strength of its businesses, although it adds that mild winter weather helped boost its results.
Micron Technology - The chipmaker reported a fiscal second-quarter loss of 23 cents per share, wider than the 19 cent loss analysts were anticipating. The company’s bottom line was impacted by weaker selling prices for memory chips.
Accenture - The consulting firm reported fiscal second-quarter profit of 97 cents per share, 11 cents above estimates, with revenues also well above consensus forecasts. It also raised its full year outlook to $3.82 to $3.90 per share, compared to prior guidance of $3.76 to $3.84. Accenture’s results were driven by revenue increases in all its consulting divisions.
Nike - The athletic footwear and apparel maker earned $1.20 per share for its fiscal third quarter, three cents above estimates. Sales slightly exceeded forecasts as well, with future orders heading into spring up 15 percent. Nike reported particular strength in North America and emerging markets during the quarter. Higher costs, however, did impact Nike’s gross margins.
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