Stronger Opening
Stocks appear set to open higher
Thursday.
Claire’s Stores
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PowerRating) reported Q4
net earnings of 61 cents a share, beating analysts’ estimates by 3 cents.
Intimate Brands
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IBI |
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PowerRating) earned 61
cents a share net in Q4.
Tiffany & Co.
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TIF |
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earnings of 58 cents a share, beating analysts’ consensus of 56 cents a share
according to a poll taken by Thomson Financial/First Call.
Riverstone Networks
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PowerRating) says
it sees a breakeven quarter for Q4. RSTN said it expects revenue to come in
between $50 million and $54 million.
Neiman Marcus Group (NMGa) posted
earnings of 51 cents a share, or $24 million, on a diluted basis for Q2.
Analysts
surveyed by Thomson Financial/First Call were expecting the luxury retailer to
earn 50 cents a share.
International Specialty Products
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posted a Q4 net loss of $20.6 million, or 32 cents, on a diluted basis, compared
with a net income of $49.6 million, or 74 cents, for the same quarter a year ago.
Genesis Microchip
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downgraded by two firms, Prudential Securities and CIBC World Markets.
Prudential lowered their rating on GNSS from Buy to Hold, and CIBC lowered their
rating on the semiconductor company from Strong Buy to Buy. Prudential put a new
price target of $40, and CIBC lowered their price target from $85 to $45.
Bear Stearns lowered its rating on
SpectraSite
(
SITE |
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PowerRating) from Buy to Neutral, citing the company’s challenging
capital structure.
TJX Co.
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TJX |
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Warburg from Buy to Strong Buy and had its price target raised from $46 to $50.
Children’s Place Retail Stores Inc
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PLCE |
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PowerRating)
reported earnings of 70 cents a share, or $18.9 million, compared to 56 cents a
share, or $15 million, for the same quarter a year ago. According to Thomson
Financial/First Call, analysts’ consensus was for the firm to come in at 62 cents
a share.
Preliminary GDP for Q4 was revised
upward to 1.4%.