Family Dollar's ($55.27, -$2.69, -4.64%) fiscal first-quarter earnings rose 8.1% as the discount retailer's same-store sales improved due to higher traffic and customer transaction values. However, revenue missed analyst expectations.
U.S. regulators investigating the collapse of MF Global Holdings Ltd. (MFGLQ, $0.09, +$0.01, +8.43%) have widened their inquiry to the CME Group ($231.13, -$7.49, -3.14%), which operates the massive exchange where the firm did business, the New York Times reported Friday. The Commodities Futures Trading Commission, or CFTC, which is probing the disappearance of some $1.2 billion in customer funds from MF Global, is looking into CME's actions in the days before the Wall Street firm's filing for bankruptcy in October, the Times said, citing unnamed sources.
Apollo Group's ($56.28, +$2.56, +4.77%) fiscal first-quarter earnings fell 37% on another revenue slide, but the for-profit education company reported new-enrollment growth for the first time in at least a year. Adjusted profit fell less than analysts expected as well.
RF Micro Devices Inc. (RFMD, $4.48, -$1.17, -20.66%) said it expects its fiscal-third quarter revenue to miss its expectations due to weakened customer demand. The chip maker projects revenue of approximately $225 million, below its October view of $250 million.
AZZ Inc.'s (AZZ, $47.03, +$1.28, +2.80%) fiscal third-quarter profit increased 3.1%, as the electrical and industrial products manufacturer saw continued strength in its galvanizing-services unit but lingering pricing pressure weakened margins and its electrical and industrial segment's profit sank. The company raised its earnings guidance for the year. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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