ConAgra Foods, Inc.(NYSE:CAG) shares climbed 5.26% to $27 in pre-market hour after the company posted a first-quarter net income of $250.1 million, or $0.61 per share, from last year’s $93.8 million, or $0.22 per share. Adjusted comparable earnings per share were $0.44. Analysts expected earnings per share of $0.36 for the quarter. Net sales amounted to $3.31 billion, a 6.7% increase from $3.105 billion a year earlier. Analysts estimated revenues of $3.24 billion for the quarter.
CarMax, Inc(NYSE:KMX) stock fell 2.72% to $31.10 in the pre-market hour after the company reported a second quarter net earnings of $111.64 million or $0.48 per share, as compared to $111.15 million or $0.48 per share in the prior-year quarter. Net sales and operating revenues for the quarter increased 6.6% to $2.76 billion from $2.59 billion in the same quarter last year. Analysts expected the company to report earnings of $0.52 per on revenue estimate of $2.75 billion.
Rite Aid Corporation(NYSE:RAD) stock increased 3.05% to $1.35 in the pre-market hour after the company recorded a second quarter loss of $38.8 million, or $0.05 a share, from the year-ago loss of $92.3 million, or $0.11 a share. Revenue edged down 0.6% to $6.23 billion. Analysts projected a loss of $0.07 a share on revenue of $6.21 billion.
Nokia Corporation (ADR)(NYSE:NOK) shares declined 1.73% to $2.84 in pre-market hour. Nokia Siemens Networks, a 50-50 joint venture between Nokia Corporation and Siemens AG achieved lightning fast TD-LTE network speed of 1.6 Gigabits per second (Gbps). Increased usage of smartphones and tablets coupled with higher downloads of HD movies have stimulated demand for data usage and faster network speed.
Baidu.com, Inc. (ADR)(NASDAQ:BIDU) stock dropped 0.91% to $113.10 in the pre-market hour. Baidu.com‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank in a report released on Sept. 18. Additionally, analysts predict that Baidu.com will post $4.68 earnings per share for the current fiscal year.