Filed under: Before the bell, Earnings reports, Analyst upgrades and downgrades, Google (GOOG), Microsoft (MSFT), Apple Inc (AAPL), Pfizer (PFE), Sprint Nextel Corp (S), Sony Corp ADR (SNE), Abbott Laboratories (ABT), Tiffany and Co (TIF)
Before the bell: Bernanke, oil lift stocks
Tiffany (NYSE: TIF) fiscal third-quarter earnings more than tripled. Excluding a gain of 48 cents per share on the sale-leaseback of the company’s Tokyo flagship store, the retailer earned 23 cents per share in the latest period, below the 25 cents per share analysts had expected. Sales for the quarter increased 18% to $627.3 million, beating estimates of $616.2 million. The company also raised its earnings guidance for the full year. TIF shares are up over 2% in premarket trading.
Google Inc (NASDAQ: GOOG) is set to announce today it will bid on coveted airwaves to launch a U.S. wireless network, the Wall Street Journal reported yesterday.
PC Magazine had a piece yesterday about Apple Inc.’s (NASDAQ: AAPL) newest operating system Leopard. The writer calls the Leopard Leoptard and says it’s just like Microsoft’s (NASDAQ: MSFT) Vista in how unstable it is. Tiger is far better, he writes, and it’s time Apple owned up to its mistakes with Leopard.
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