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Stocks Hold Gains After Jobless Claims Dip


The company reported non-GAAP earnings of $49.6 million, or 33 cents a share, for the third quarter on revenue of $788 million. Analysts expected profit of 32 cents a share on revenue of $776.5 million. forecast non-GAAP earnings of 38 cents to 40 cents a share in its fiscal fourth quarter on revenue ranging from $825 million to $830 million. Wall Street's current consensus view is for a profit of 40 cents a share on revenue of $829.9 million. Shares gained 8.8%.

St. Jude Medical (STJ) shares tumbled 12.2% after the cardiovascular medical devices company was found by the U.S. Food and Drug Administration to have deep flaws in its oversight of the Durata line of implantable defibrillator leads.

MIPS Technologies (MIPS) shares added 7.1% after the provider of industry-standard processor architectures and cores announced that it has received an unsolicited proposal from CEVA (CEVA) to acquire all of the company's outstanding shares for $75 million in cash.

Zale(ZLC) , the jewelry retailer, reported a wider-than-expected fiscal first-quarter loss on Tuesday. Zale said it expects to be profitable for fiscal 2013. Shares plunged 30%.

Scholastic(SCHL) , the publishing company, lowered its fiscal-year outlook after Tuesday's closing bell.

Scholastic shares plummeted 18.2%.

Chipotle Mexican Grill (CMG) shares advanced 2.6% after announcing that it has added an additional $100 million to the existing $100 million repurchase plan previously announced on Oct. 18.

Cirrus Logic (CRUS) shares bumped up 2.7% after the board of the high-precision analog and digital signal processing components supplier approved $200 million in share buybacks.

--Written by Andrea Tse and Joe Deaux in New York.

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