Stocks to Watch: TIF, FB, HPQ, P & More
Take a look at some of Thursday's morning movers:
Tiffany - The luxury goods retailer reported quarterly profit of $0.64 per share, excluding certain items, five cents below estimates. It also cut its full-year outlook on declining sales growth expectations.
Facebook - Lawsuits and controversy over its initial public offering pile up. Two congressional panels are investigating the offering, and various sources say Facebook is listening to proposals from the New York Stock Exchange about switching its listing from the Nasdaq.
Hewlett-Packard - Hewlett-Packard reported fiscal second-quarter profit of $0.98 per share, seven cents above estimates. It issued a third-quarter outlook below forecasts, but its full-year outlook is above analysts' estimates. As expected, HP detailed its restructuring plans, saying 27,000 employees will be laid off.
Pandora Media - Pandora Media reported a first-quarter loss of $0.09 per share, smaller than the $0.18 loss that analysts had been forecasting. The online music streaming service’s revenues exceeded estimates, and Pandora also raised its full-year guidance as it attracts more customers.
Synopsys - The maker of computer chip design software is increasing its full-year earnings guidance to $2.03 to $2.07 per share, up from its prior forecast of $1.97 to $2.03 a share. Current analysts' estimates stand at $2.03 a share. Synopsys credits strong demand by its customers and a smooth integration of Magma Design automation, which it acquired earlier this year.
PVH - The clothing maker reported first-quarter profit of $1.30 per share, excluding certain items, four cents above estimates, accompanied by an upbeat forecast. PVH says the results were driven by strong demand for Calvin Klein and Tommy Hilfiger apparel.
Chesapeake Energy - The energy producer is defending its board and current directors in a letter to shareholders, saying it has made significant changes to compensation practices for both executives and outside directors. The letter came in response to issues raised by New York City Comptroller John Liu.
Johnson & Johnson - A U.S. Food and Drug Administration panel has advised against approval of Johnson & Johnson's blood thinning drug Xarelto for use in treating blood clots.
Research In Motion - Executive Patrick Spence has left the beleaguered BlackBerry maker, the latest to depart. Spence was the company’s London-based head of global sales.
Mastercard - A European court has ruled against the company's challenge to an European Union ban on cross border credit-card fees. Mastercard plans to appeal that ruling.
Costco Wholesale - The warehouse retailer is reporting fiscal third quarter profit of $0.88 per share, one cent above estimates, with same-store sales rising 5 percent compared to a year earlier.
NetApp - NetApp beat estimates with fiscal fourth-quarter profit of $0.66 per share, compared to estimates of $0.63 a share. However, the data storage company’s current quarter guidance of $0.34 to $0.39 per share is well below analysts' estimates of $0.59 a share.
—By CNBC’s Peter Schacknow
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