The Michaels Cos. Inc. stock rocketed 21% in premarket trade Friday, after the arts and crafts retailer topped estimates for its fiscal second quarter and offered upbeat guidance. The Irving, Tx.-based company said it had net income of $24.5 million, or 16 cents a share, in the quarter to August 3, down from $27.5 million, or 15 cents a share, in the year-earlier period. Adjusted per-share earnings came to 19 cents, ahead of the 14 cents FactSet consensus. Sales edged down to $1.034 billion from $1.053 billion... Читать дальше...