Earnings Seen at Lower End of Range
Tiffany said that full-year earnings will be at the lower end of its previously announced range following a weak holiday-shopping season. TIF drops almost 8 percent before the bell on my tradeMONSTER platform.
Ascena Retail Lowers Profit Guidance
Ascena Retail expects to earn no more than $1.30 a share in fiscal 2013, down from an earlier estimate of $1.45 to $1.55. The move comes after same-store sales fell 2 percent in November and December. ASNA is down 11 percent in early trading.
PriceSmart Earnings Beat
PriceSmart reported fiscal first-quarter profit of $0.66, beating the $0.62 average analyst estimate. Revenue missed slightly but the bulls are focusing on that strong bottom line, sending PSMT up almost 7 percent in the premarket.
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