Pre-Open Movers 01/10: (NOK) (SVU) (F) Higher; (MCP) (ARO) (TIF) Lower (more...)

January 10, 2013 9:33 AM EST
Nokia (NYSE: NOK) 18% HIGHER; now estimates that Devices & Services has exceeded expectations and achieved underlying profitability in the fourth quarter 2012. Mobile Phones business unit and Lumia portfolio delivered better than expected results; and - Operating expenses were lower than expected. Devices & Services non-IFRS operating margin for the fourth quarter 2012 now expected to be between break even and positive 2 percent.

Molycorp, Inc. (NYSE: MCP) 15% LOWER; Sees Lower Revs, Cash Flow on Mountain Pass Ramp Up

SUPERVALU Inc. (NYSE: SVU) 13% HIGHER; announced today a definitive agreement under which it will sell its Albertsons, Acme, Jewel-Osco, Shaws and Star Market stores and related Osco and Sav-on in-store pharmacies (collectively, the Banners) to AB Acquisition LLC (AB Acquisition), an affiliate of a Cerberus Capital Management L.P. (Cerberus)-led investor consortium. In addition to the Sale, within ten business days of today, a newly-formed acquisition entity owned by a Cerberus-led investor consortium (Symphony Investors) will conduct a tender offer for up to 30 percent of SUPERVALUs outstanding common stock at a purchase price of $4.00 per share in cash.

Ascena Retail Group, Inc. (Nasdaq: ASNA) 11% LOWER; Holiday sales up 1%. Sees full year adjusted diluted earnings per share guidance in the range of $1.20 to $1.30 is more appropriate, versus our previous guidance of $1.45 to $1.55. *** The Street currently sees FY12 EPS of $1.53.

Aeropostale, Inc. (NYSE: ARO) 10% LOWER; December comparable sales fell 8%. Based on the lower than expected sales and margins for the quarter, the Company expects net earnings to be in the range of approximately $0.20 to $0.24 per diluted share, versus its previously issued guidance of approximately $0.36 to $0.41 per diluted share

QuickLogic Corporation (NASDAQ: QUIK) 9% LOWER; announced that it expects to report fourth quarter revenue of approximately $3.1 million compared to previously announced guidance of approximately $3.7 million, plus or minus 10%. New product revenue is expected to be approximately $1.0 million while mature product revenue is expected to be approximately $2.1 million as compared to previously announced guidance of approximately $1.6 million and $2.1 million plus or minus 10%, respectively. *** The Street was expecting Q4 revs of $3.70 million

Dragonwave, Inc. (NASDAQ: DRWI) 8% LOWER; reported Q3 EPS of ($0.36), $0.09 worse than the analyst estimate of ($0.27). Revenue for the quarter came in at $38.5 million versus the consensus estimate of $41.83 million. Dragonwave, Inc. (NASDAQ: DRWI) sees Q4 2013 revenue of $40-45 million, versus the consensus of $49.06 million

Ruby Tuesday, Inc. (NYSE: RT) 8% LOWER; reported Q2 EPS of ($0.07), $0.01 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $304.23 million versus the consensus estimate of $305.01 million. Same-restaurant sales increased 0.3%. Approves additional 10 million common stock buyback.

Tiffany & Co. (NYSE: TIF) 7% LOWER; The company lowered guidance and said it expects full year sales at the low end of previously announced EPS guidance of $3.20 to $3.40 per diluted share. Street estimates call for full year EPS of $3.26. Tiffany also said management is planning sales growth conservatively for 2013 and at this point expects net earnings growth of 6 to 9 percent.

Pricesmart, Inc. (NASDAQ: PSMT) 6% HIGHER; reported Q1 EPS of $0.66, $0.04 better than the analyst estimate of $0.62. Revenue for the quarter came in at $523.6 million versus the consensus estimate of $535.38 million

Duke Realty Corp. (NYSE: DRE) 3% LOWER; intends to sell 30 million shares of its common stock in an underwritten public offering. The company also plans to grant the underwriters an option to purchase up to an additional 4.5 million shares.

Rovi Corporation (Nasdaq: ROVI) 3% LOWER; 2013 estimates of $630 million to $660 million in revenue and $1.90 to $2.20 in adjusted pro forma (APF) earnings per share (EPS). The Company will present the 2013 estimates both by sales vertical as well as by strategic area of focus. *** The Street consensus calls for revs of $683.8 million and EPS of $2.13.

Ford Motor Co. (NYSE: F) 3% HIGHER; declared a quarterly dividend of $0.10 per share, or $0.40 annualized. This is double the prior amount of 5 cents. The dividend will be payable on March 1, 2013, to stockholders of record on January 30, 2013, with an ex-dividend date of January 28, 2013. The annual yield on the dividend is 3 percent.

Research In Motion (Nasdaq: RIMM) 3% HIGHER; up with Nokia

Delta Air Lines Inc. (NYSE: DAL) 2% HIGHER; upgraded to Buy at Goldman

Apple Inc. (Nasdaq: AAPL) 2% HIGHER; CEO Tim Cook took time to meet with China Mobile (NYSE: CHL) CEO Xi Gouhua. The two met to discuss "matters of cooperation," a China Mobile spokesperson said today.

St. Jude Medical, Inc. (NYSE: STJ) 2% HIGHER; comfortable they will exceed previously announced adjusted earnings per share guidance range by $0.02 to $ 0.04 for the fourth quarter.

Hertz Global (NYSE: HTZ) 2% LOWER; Morgan Stanley downgraded from Overweight to Underweight

CSX (NYSE: CSX) 1% LOWER; Downgraded at Goldman Sachs and Raymond James

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