Company News for December 18, 2015

•    Shares of Oracle Corporation (ORCL) plunged 5.1% after the company reported second quarter revenues of $8,996 million that fell short of the Zacks Consensus Estimate of $9,085.8 million

•    Shares of Pier 1 Imports, Inc. (PIR) nosedived 20.2% after the company reduced its earnings guidance for the year to $0.42 to $0.46 a share from an earlier range of $0.56 to $0.64 a share

•    Shares of FedEx Corporation (FDX) gained 2% after the company posted second quarter fiscal 2016 earnings per share of $2.58, beating the Zacks Consensus Estimate of $2.51

•    General Mills, Inc.’s (GIS) shares declined 3.3% after the company reported second quarter 2016 fiscal revenues of $4.42 billion, lower than the Zacks Consensus Estimate of $4.58 billion
 

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