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. Can Amazon Put Brick-and-Mortar Retail Back Together Again?
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 >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: tips@thestreet.com.
