This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Tiffany, Alcoa: Premarket Trading


NEW YORK ( TheStreet) -- Tiffany (TIF) raised its earnings outlook for the fiscal year ending Jan. 31, 2011, based on strong holiday sales.

The company said comparable-store sales in the holiday period rose 8% from the prior year.

For the year ending Jan. 31, Tiffany now sees net earnings from continuing operations of $2.83 to $2.88 a share, up from the previously expected range of $2.72 to $2.77. Net sales are expected to come in at almost $3.1 billion. The Wall Street consensus is earnings of $1.30 a share on sales of $1.07 billion.

Shares of Tiffany were up 0.9% to $61.50 in premarket trading Tuesday.






Alcoa (AA) surpassed fourth-quarter expectations by a penny or two, depending on which survey of Wall Street analysts you look at. Excluding a special gain of 3 cents a share, Alcoa posted EPS of 21 cents for the fourth quarter. Revenue came to $5.65 billion, barely missing the consensus target of $5.68 billion, according to a Thomson Reuters survey.

Shares of Alcoa were lower by 0.7% to $16.37 in premarket trading Tuesday.






Advanced Micro Devices (AMD) announced the surprise resignation of Dirk Meyer as president and CEO.

Shares of Advanced Micro fell 4.9% to $8.74 in premarket trading.






Lennar (LEN) said fourth-quarter earnings fell after revenue from home sales declined 13%. Lennar earned $32 million, or 17 cents a share, down from earnings of $35.6 million, or 19 cents a share, a year earlier, a period which included a $320.5 million tax benefit.

Shares of the company popped by 4% to $19.65 in premarket trading.






Sears (SHLD) said Tuesday it expects net income in the fourth quarter of $370 million to $450 million, or $3.39 to $4.12 a share, which is above analysts' estimates.

Shares of the company rose 4.6% to $73.85 in premarket trading.






Goldman Sachs (GS) reportedly plans to disclose more detail on the inner machinations of its operations, including how much revenue it reaps from its own trading and investing activities.

Shares of Goldman Sachs inched up by 0.3% to $170.30 in early trading.






Apollo Group (APOL) topped Wall Street expectations for its quarterly results. The company, which operates the University of Phoenix, reported an adjusted profit of $238.9 million, or $1.63 a share, for its fiscal first quarter ended Nov. 30, on revenue of $1.33 billion. Analysts polled by Thomson Reuters expected earnings of $1.35 a share on revenue of $1.26 billion.

Apollo shares jumped by 6.3% to $38.20 in premarket trading.






Reports say that Nvidia (NVDA) has signed a cross-licensing agreement with Intel (INTC) that settles the patent dispute between the companies and calls for Intel to pay Nvidia licensing fees totaling $1.5 billion over six years.

Shares of Nvidia rose 2.7% to $21.18. Intel was up by 0.1% to $20.72 in premarket trading.






Motorola Mobility Holdings (MMI) has been initiated with a buy rating and price target of $38 at Bank of America Merrill Lynch.

Motorola Mobility shares were up 3.1% to $33.25.

>>Search for Highest Dividends by Rate or Yield

More on Earnings
Today's Top Earnings
Earnings Calendar

-- Written by Andrea Tse in New York.



>To contact the writer of this article, click here: Andrea Tse.

>To follow the writer on Twitter, go to Andrea Tse.

>To submit a news tip, send an email to: tips@thestreet.com.

RELATED STORIES:







Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $125.45 1.80%
FB $82.88 -0.50%
GOOG $549.49 0.21%
TSLA $183.05 -1.10%
YHOO $44.92 -0.40%

Markets

DOW 17,978.28 +265.62 1.50%
S&P 500 2,080.95 +19.93 0.97%
NASDAQ 4,926.9510 +35.7320 0.73%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs