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.
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.
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.
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.
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: email@example.com.