(CAG) Company News for June 24, 2011 – Corporate Summary

•    ConAgra Foods (NYSE:CAG) posted adjusted Q4 EPS of $0.47, lower than the Zacks Consensus Estimate of $0.48 per share. Revenues for the quarter rose 5.3% year-over-year to $3.21 billion

•    Oracle Corporation (NASDAQ:ORCL) posted Q4 EPS of $0.75, surpassing the Zacks Consensus Estimate of $0.69 per share. Revenues for the quarter grew 13% year-over-year to $10.78 billion

•    Herman Miller Inc’s (NASDAQ:MLHR) shares rocketed up 11.46% after the furniture maker reported a sharp spike in its fourth quarter earnings results. The fourth quarter profit of the company increased to $17.1 million from $2.1 million reported in the previous year

•    According to a report by TechCrunch, Videogame makers Electronic Arts Inc. (NASDAQ:ERTS) is set to buy PopCap Games in a deal valued at more than the $1 billion

•    Shares of Steelcase Inc. (NYSE:SCS) increased 7.31% to close at $11.16 after the office furniture company posted first quarter earnings figures that came in above expectations

•    Macquarie Capital initiated coverage on shares of Research In Motion Ltd. (NASDAQ:RIMM) with an “Outperform” rating

•    Jim Cramer,  host of the CNBC “Mad Money” included hard disk manufacturer Western Digital Corp. (NYSE:WDC) in the “competitors to watch” section as a part of the Stock Picks for June 21

•    Analysts at Weeden downgraded land driller contractor Nabors Industries (NYSE:NBR), to “Hold” rating from “Buy” rating ,cutting the target price $34 to $28

CONAGRA FOODS (CAG): Free Stock Analysis Report

ELECTR ARTS INC (ERTS): Free Stock Analysis Report

HERMAN MILLER (MLHR): Free Stock Analysis Report

NABORS IND (NBR): Free Stock Analysis Report

ORACLE CORP (ORCL): Free Stock Analysis Report

RESEARCH IN MOT (RIMM): Free Stock Analysis Report

STEELCASE INC (SCS): Free Stock Analysis Report

WESTERN DIGITAL (WDC): Free Stock Analysis Report

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