Tiffany & Co. (TIF) 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) is gaining 8 percent to $57.78, Micron Technology Inc. (MU) is up 8 percent to $9.80 following the release of their quarterly results.
Monster Beverage Corp. (MNST) 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) 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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