Company Headlines: Take-Two, AutoZone, Staples Beat Estimates

Cree (CREE) provided upside guidance for its fiscal fourth quarter earnings and revenues. The company said it expects earnings of 15 cents to 17 cents per share, ex-items, versus consensus estimates of 14 cents, as revenues of $143 million to $150 million beat estimates of $139.43 million on stronger LED component bookings for lighting-related applications

Take-Two (TTWO) beat estimates with a fiscal second quarter loss of 4 cents a share, ex-items, as revenues declined 57.4% year-over-year to $229.7 million, versus estimates of $218.5 million. The firm issued downside third quarter guidance, but mixed fiscal 2008 guidance, anticipating full-year results of breakeven to a 20 cents a share profit ex-items, versus Street estimates of 12 cents, on revenues of $1.05 billion to $1.15 billion, versus estimates of $1.17 billion

Barclays (BCS) lifted 2010 estimates for Qualcomm (QCOM) and Broadcom (BRCM), expecting the two to benefit from increased market shares

AutoZone (AZO) reported a better-than-expected fiscal third quarter earnings of $3.13 a share, beating by 24 cents, as revenues increased 9.3% year-over-year to $1.7 billion

Staples (SPLS) released first quarter earnings of 22 cents a share, beating estimates by one cent per share on in-line revenues of $5.8 billion

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