Los Angeles, CA, January 10, 2013 - Tiffany & Co. (NYSE: TIF) shares fell 6.09% to $59.41 after the company said sales for the combined November and December holiday period totaled $992 million, up 4 percent from the same period last year. Sales in the Americas region grew 3% to $516 million, or 2%, on a constant currency basis. Comparable store sales declined 2% in the New York flagship store and in branch stores. Sales in Europe increased 2% to $119 million, while comparable store sales were flat with last year.
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Nokia Corporation (ADR)(NYSE: NOK) shares gained 15.60% to $4.32 after the company said its fourth-quarter results were better than expected, thanks to strong sales of its Lumia smartphones and lower costs. The company said its main Devices & Services division is expected to report an adjusted operating margin of breakeven to 2%, better than its earlier forecast of minus 6%, plus or minus four percentage points.
The company also said it expects results for the first quarter 2013 to be weaker compared to Q4, due to seasonal effects and ongoing tough competition.
According to Reuters Nokia have accused Indian Tax Officials for prowling its production division in Chennai (where Nokia has its largest plant). According to a spokesperson of Nokia, the company is indulging itself in the query but yet to a question of local authorities involved in the task, he simply just could sophisticate much over it.
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Haynes International, Inc. (NASDAQ: HAYN) shares is trading at $55.94 after the company reported today that, based on currently available information, revenue and earnings for the Company's first fiscal quarter ended December 31, 2012 are expected to be lower than previously anticipated by the Company. The Company currently expects first quarter revenue to be $114.3 million and first quarter net income to be in the range of $5.5 million to $6.0 million.
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Support.com, Inc. (NASDAQ: SPRT) shares increased 1.86% to $4.37 after the company announced that it plans to release fourth quarter 2012 financial results after market close on Wednesday, February 13, 2013. Support.com will host a conference call to discuss its fourth quarter 2012 financial results at 1:30pm PT (4:30pm ET) on the same day.
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QuickLogic Corporation (NASDAQ: QUIK) stock dropped 2.26% to $2.16 after the company said that it expects to report fourth quarter revenue of about $3.1 million, compared to previously announced guidance of about $3.7 million, plus or minus 10%. New product revenue is expected to be about $1.0 million while mature product revenue is expected to be about $2.1 million, as compared to previously announced guidance of about $1.6 million and $2.1 million plus or minus 10%, respectively.
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