Stocks in the news: Best Buy, Research in Motion, La-Z-Boy

Melly Alazraki
Updated

The following post rounds up the companies making headlines today:

Best Buy (BBY) this morning reported first quarter earnings of 36 cents per share. Excluding one-time items, the electronics retailer earned 42 cents, beating estimates of 34 cents per share. Revenue came in at $10.1 billion, inline with estimates. Same-store sales for the quarter fell 6.2 percent. Best Buy also reaffirmed its forecast. Shares declined over 3 percent ahead of the bell.

Research In Motion (RIMM) is adding another smartphone to its BlackBerry lineup as it aims to win market share among both executives and mainstream consumers despite tough economic conditions. The new BlackBerry Tour falls somewhere between the Curve and the Bold. Shares gained 1.7 percent in pre-market trade.

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