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Company News For May 23, 2018

Zacks Equity Research
Leaked documents showed what could be Microsoft's (MSFT) hardware plans to 2020, new technology competing with Amazon Go and Office enhancements constituted the top Microsoft stories from last week.
  • Micron Technology, Inc.’s MU shares jumped 6.4% after the chip maker announced a $10 billion share buyback, representing 16% of the company’s market value
  • Shares of Adobe Systems Inc. ADBE increased 0.3% after the company announced that it will buy Magento Commerce from Permira for $1.68 billion in cash.
  • Fifth Third Bancorp’s FITB shares surged 3.2% after it agreed to acquire MB Financial, Inc. MBFI for $54.70 per share in cash and stock
  • Shares of Advance Auto Parts, Inc. AAP declined 3.2% after reporting fiscal first-quarter 2018 net revenues of $2.87 billion, missing the Zacks Consensus Estimate of $2.91 billion


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