Stocks to Watch: Tiffany, Research In Motion (Update 1)

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.

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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) 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.

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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.

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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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