NEW YORK -- Tiffany & Co. (TIF), the upscale jewelry retailer, said Thursday that third-quarter profit fell 30%, missing analysts' estimates, and it reduced its outlook for the full year.
Tiffany shares fell 11% to $56.87 in premarket trading Thursday.
Research In Motion (RIMM) rose 12% to $12.43 in premarket trading after the BlackBerry maker's shares were upgraded to buy from neutral at Goldman Sachs.
Grocer Kroger (KR) is expected to earn 43 cents a share in the third quarter, up from 33 cents a year earlier, on revenue of $21.62 billion. The stock rose 4% to $26.05 in premarket trading.
Barnes & Noble (BKS), the book seller, is slated to report its third-quarter results before the opening bell, and analysts are calling for a loss of 11 cents a share on revenue of $1.91 billion. The stock rose 1.9% to $16.35. 5 Heavily-Shorted Earnings Plays
Other companies expected to report earnings Thursday include Cracker Barrel Old Country Store (CBRL), Gildan Activewear (GIL), Christopher & Banks (CBK), Five Below (FIVE), Mentor Graphics (MENT), Omnivision Technologies (OVTI), Pacific Sunwear of California (PSUN), Splunk (SPLK), Ulta Salon (ULTA), Youku (YOKU) and Zumiez (ZUMZ).
Walt Disney (DIS), the media giant, announced Wednesday a 25% boost to its annual dividend, bringing the payout of 75 cents a share. The stock rose 0.8% in premarket trading to $49.60. Market Preview: Hurry Up and Agree
Retailer Aeropostale (ARO) provided Wednesday fourth-quarter earnings guidance of 36 cents to 41 cents a share, well below the consensus view for a profit of 54 cents a share. Aeropostale shares fell 9.4% to $12.80.
Japan's Sharp is in talks with Dell (DELL), Intel (INTC) and Qualcomm (QCOM) about a possible capital injection to help it bolster its balance sheet, The Wall Street Journal reported, citing people familiar with the discussions.
NCR (NCR) said Wednesday it agreed to acquire Israeli software company Retalix (RTLX)for $30 a share, or $650 million. Retalix shares fell 0.5% in premarket trading to $29.35.
-- Written by Joseph Woelfel
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