NEW YORK (TheStreet) -- Consumer electronics retailer Best Buy was rising almost 5% to above $33 in premarket trading Thursday after reporting fourth-quarter earnings of $1.98 a share, surpassing expectations of $1.85 a share.
>> Stock Market, March 24: What's on Tap
Shares of software company Red Hat were surging 12.6% to $44.99 after reporting a 43% increase in fourth-quarter profit.
>> Red Hat, Micron: After-Hours Trading
Chipmaker Micron was popping 6.2% to $11.27 in premarket trading Thursday after reporting better-than-expected second-quarter profit.
>> Red Hat, Micron: After-Hours Trading
Rio Tinto was gaining 1.1% to $68.29 and BHP Billiton was advancing 0.8% to $90.71 after the mining giants scored a victory in a tax dispute in Australia.
Software developer Oracle was up 1% to $31.71 ahead of its third-quarter earnings report after the closing bell Thursday. Analysts expect Oracle to earn 50 cents a share.
>> Stock Market, March 24: What's on Tap
Banco Santander was rising 0.8% to $12.06 and Banco Bilbao Vizcaya Argentaria was up 0.8% to $12.69 after Moody's cut the ratings of 30 Spanish banks amid the collapse of the Portuguese minority government, but left its view of the Santander, BBVA and La Caixa unchanged.
Foodmaker ConAgra Foods was up 0.4% to $ 23.01 after posting third-quarter earnings of 50 cents a share, topping the consensus estimate of 47 cents.
BlackBerry maker Research In Motion is expected to report fourth-quarter earnings of $1.76 after the markets close Thursday.
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