News Summary

Shares of Finish Line Inc FINL fell about 0.7% after the company reported a 20% rise in its FQ1 earnings. The company's earnings came in at $16.4 million, or $0.30 per share, up from $13.6 million, or $0.25 per share, in the year-earlier period. Its revenue climbed 6% to $299 million from $282 million. Analysts were expecting earnings of $0.30 per share on revenue of $301.4 million. Its revenue at stores open at least a year surged 6.1% for the quarter. Shares of Micron Technology Inc MU dipped about 9.7% after the company reported downbeat quarterly earnings and revenue. MU reported its FQ3 profit at $75 million, or $0.07 per share, compared with $939 million, or $1.06 per share, in the year-ago period. Its revenue dropped to $2.14 billion, from $2.26 billion. Analysts were expecting earnings of $0.16 per share on revenue of $2.37 billion. Shares of Southern Union Company SUG jumped about 15.3% after Williams Companies Inc WMB offered $4.9 billion in cash for Southern Union, topping a $4.1 billion stock deal with Energy Transfer Equity LP ETE. Williams offered to buy Southern Union for $39 per share, representing an 18% premium over Energy Transfer bid of $33 per share. Berkeley Group Holdings PLC BKGFY reported a 19% rise in its fiscal 2011 net profit on Friday. Berkeley net profit surged to 95.1 million pounds ($152.2 million). The group's revenue in the year climbed 21% to 742.6 million pounds. Its overall sales reservations jumped 30%.