Take a look at some of Thursday's morning movers:
J.M. Smucker - The food producer reported fiscal fourth-quarter profit of $1.10 per share, 11 cents above estimates, but is giving a fiscal 2013 outlook that falls below Street consensus.
Navistar - The truck maker reported an unexpected second-quarter loss, and cut its full-year guidance. The company says one of its significant ongoing issues is uncertainty about federal certification for its class 8 engine.
Lululemon - The apparel maker reported fiscal first-quarter profit of $0.32 per share, two cents above estimates, but gave a full-year outlook below consensus.
Men’s Wearhouse - The clothing retailer missed estimates by two cents with first-quarter profit of $0.53 per share, excluding certain items. It also issued a disappointing outlook for the second quarter, saying its corporate apparel business is being hurt by cutbacks in company spending.
Ruby Tuesday - The company says Chairman/CEO Sandy Beall, who founded the restaurant chain, is planning to step down after 40 years. The company has begun a search process for a replacement, and Beall plans to stay on until a successor is named.
General Dynamics - Chairman/CEO Jay Johnson will retire at year’s end. President and Chief Operating Officer Phebe Novakovic will succeed Johnson in both roles when he steps down on Dec. 31.
Tuesday Morning - The company says CEO Kathleen Mason has been “relieved of her duties” as President and CEO of the retailer. The company did not give a reason for the move, but says it’s begun a search for a new CEO and expects to complete the process within a few months. Executive Vice President Michael Marchetti has been promoted to President and chief operating officer and will also serve as interim CEO.
Chesapeake Energy - A judge has ruled that Chesapeake does not need to delay its annual meeting scheduled for Friday. Some shareholders had sought a delay to allow more time for investigation of the company’s financial dealings with CEO Aubrey McClendon. Separately, Reuters is reporting on documents that show how McClendon has fused his corporate and personal interests, including $3 million in work done by employees for McClendon in 2010.
Molina Healthcare - The company has withdrawn its full-year earnings guidance because of uncertainties about rising medical costs in Texas. The health insurer’s stock dropped about 11 percent in after-hours trading on that news.
Walt Disney - Walt Disney said it will not sell its DVDs to rental outlets such as Netflix, Coinstar’sRedbox, and Blockbuster until 28 days after they go on sale. Disney had previously allowed Redbox to buy DVDs the same day they went on sale at both stores and online. Redbox is responding by saying it will buy those videos through “alternative means.”
—By CNBC’s Peter Schacknow
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