Tiffany & Co. (TIF: Quote) is gaining 4 percent to $70.80. The company's fourth quarter profit improved from the prior year period and was above Wall Street view. Worldwide net sales rose 4 percent, but missed the consensus estimate. The company expects first quarter net earnings from operations to decline nearly 15 percent - 20 percent, due to gross margin pressure and higher marketing-related costs. However, the company expects annual worldwide net sales growth of 6 percent to 8 percent in U.S. dollars.
Nike Inc. (NKE: Quote) is gaining 8 percent to $57.78, Micron Technology Inc. (MU: Quote) is up 8 percent to $9.80 following the release of their quarterly results.
Monster Beverage Corp. (MNST: Quote) is falling 4 percent to $48.16 amidst a report about a study that found energy drinks boost blood pressure as heartbeat altered.
Trading in shares of Gentium S.p.A (GENT: Quote) was halted. The company announced that the European Medicines Agency's CHMP has adopted a negative opinion, recommending the refusal of the marketing authorization for Defibrotide to treat and prevent hepatic veno-occlusive disease in adults and children undergoing hematopoietic stem cell transplantation therapy.
by RTT Staff Writer
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