Stocks to Watch: Tiffany, Research In Motion (Update 1)
NEW YORK --
Tiffany & Co.
(TIF) - Get Report
, 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.
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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) - Get Report
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) - Get Report
, 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.
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Other companies expected to report earnings Thursday include
Cracker Barrel Old Country Store
(CBRL) - Get Report
,
Gildan Activewear
(GIL) - Get Report
,
Christopher & Banks
(CBK) - Get Report
,
Five Below
(FIVE) - Get Report
,
Mentor Graphics
(MENT)
,
Omnivision Technologies
(OVTI)
,
Pacific Sunwear of California
(PSUN)
,
Splunk
(SPLK) - Get Report
,
Ulta Salon
(ULTA) - Get Report
,
Youku
(YOKU)
and
Zumiez
(ZUMZ) - Get Report
.
Walt Disney
(DIS) - Get Report
, 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) - Get Report
,
Intel
(INTC) - Get Report
and
Qualcomm
(QCOM) - Get Report
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) - Get Report
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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Joseph Woelfel
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