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Learning Earnings: Tiffany Beats; Hormel and Cracker Barrel Report

Hot Stock Minute

Tiffany (TIF) is dazzling as we head into the holiday season. The luxury jeweler is up more than 6% in the premarket thanks to a rock-solid earnings beat. Here are the numbers: adjusted earnings of 73-cents a share when expectations where for 58-cents. Sales were also more than $20-million above estimates at $911.48-million.

We're also learning earnings from a number of other companies this morning. Hormel (HRL) had a solid beat with earnings of 58-cents a share when expectations were for 54-cents. Revenues also topped expectations. Restaurant and retail chain Cracker Barrel (CBRL) also beat for quarter with earnings of $1.14 a share, a penny better than predictions. And Chico's (CHS) missed by 2-cents on earnings. Sales also missed the forecast. The stock has been down more than 5% in early trading.

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