Special Dividend Trumps Earnings
Guess issued a weak set of numbers, but the big news was the special dividend. The payout of $1.20 a share will be paid on Dec. 28 to holders of record on Dec. 12. That's sending GES higher by almost 7 percent before the bell on my tradeMONSTER platform.
Goldman Upgrade Lifts Research In Motion
Research In Motion was upgraded to "buy" from "neutral" by Goldman Sachs, which expects earnings to beat expectations over the next year. The target price was raised to $16 from $9. RIMM, which closed at $11.10 yesterday, is up 13 percent in early trading.
Infoblox Beats on Top, Bottom Lines
Infoblox reported first-quarter earnings of $0.06 a share on revenue of $49.5 million. Analysts had only expected breakeven results and revenue of $46.18 million. The networking-technology company's guidance was also strong, and BLOX is surging 25 percent before the bell.
Tiffany's Cuts Guidance After Weak Quarter
Tiffany's reported third-quarter earnings of $0.49 a share, missing the $0.63 expected by analysts. Revenue of $853 million also lagged the $859 million consensus estimate and guidance was lowered. TIF is down almost 8 percent in the premarket.
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