Oxford, MS 4/7/2011 (Penny PayDay) -- Union, N.J.-based specialty retailer Bed Bath & Beyond was surging 10.8% to $54.70 in premarket trading Thursday after posting earnings that came in much better than anticipated.Drugstore chain Rite Aid was rising 2.8% to $1.09 after reporting a fourth-quarter loss of 24 cents a share, in line with expectations.
Specialty retailer Pier 1 Imports was rising 2.5% to $10.80 after reporting fourth-quarter earnings of 48 cents a share, beating the Wall Street consensus estimate of 47 cents a share.
Costco, the warehouse retailer, was up 1.4% to $76 after reporting that comparable-store sales rose 13% in March, beating analysts' forecasts.
Internet search giant Google was rising 0.5% to $576.88 after its new cloud music application was leaked. The application seems to indicate that Google will be providing an online music storage service that will compete against Amazon's Cloud Drive. Reports also say that Google will invest $100 million into improving its YouTube service.
Global diversified firm Ingersoll-Rand was rising 0.4% to $48.01 after increasing its quarterly dividend by 71% to 12 cents a share and announcing a $2 billion share repurchase program.
General Electric was unchanged at $20.55 ahead of an expected announcement Thursday that it will build the biggest solar panel plant in the U.S.
PC maker Dell was unchanged at $14.77 after saying it will invest $1 billion this year to build new data centers and products around the world, according to a Dow Jones report.
Maryville, Tenn.-based casual restaurant operator Ruby Tuesday missed Wall Street's profit expectations for its fiscal third quarter.
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