Ciena (NASDAQ:CIEN) reported third-quarter profit of 8 cents a share vs. the average analyst estimate of loss of 8 cents a share. Shares were up almost 4% early trading Thursday.
Costco Wholesale Corporation (NASDAQ:COST) said CEO Jim Sinegal will step down on January 1, 2012. Costco also released same-store sales revenue climbed 11% last month, above Wall Street estimates for 9.3%.
Zumiez Inc.(NASDAQ:ZUMZ) reversed to a profit in the second quarter, beating Wall Street estimates. However, the teen retailer’s outlook for next quarter came in short. The stock is down 7.95% this morning. Get all the details in your Zumiez Inc. Earnings Cheat Sheet: Swing to a Profit, Beating Estimates.
Goldman Sachs Group (NYSE:GS) and “its Litton Loan Servicing business and Ocwen Financial Corp.—promised to end so-called robo-signing, in which bank employees signed foreclosure documents without reviewing case files as required by law. They also agreed to comb through loan files for evidence they mishandled borrowers’ paperwork and to cut mortgage payments for some New York homeowners,” according to Wall Street Journal.
The Gap (NYSE:GPS) is getting smacked down nearly 7% this morning after missing on retail sales estimates for the month. The retailer said same store sales were down 3.8% in August.