Take a look at some of Thursday’s morning movers:
Polycom - The videoconferencing company has cut its first-quarter outlook to 21 cents to 23 cents per share, compared to analyst estimates of 30 cents. Polycom says its business in the North American and Asia Pacific markets has been weaker than expected.
PMC-Sierra - Reuters reports the chipmaker has held talks with potential buyers over the past few months. PMC currently has a market cap of about $1.8 billion.
Bed Bath & Beyond - The retailer earned $1.48 per share for its fourth quarter, 15 cents above estimates. Overall sales were in line with consensus, but same-store sales beat forecasts despite profit margin pressures.
Ruby Tuesday - The restaurant operator is reporting fiscal third-quarter profit of 18 cents a share, two cents above estimates. However, revenues were short of consensus, and the company’s 2012 guidance of 43 to 48 cents a share is well below Street estimates of 56 cents per share.
Zumiez - The sports apparel and footwear retailer is reporting a same-store sales increase of 14.1 percent for the five weeks ending April 2, well above StreetAccount estimates of an 8.9 percent gain.
JPMorgan Chase - CEO Jamie Dimon made positive comments about the company’s 2011 performance in a letter to shareholders, although he did add that mortgage-related losses prevented the year from being better.Page 1 of 3 | Next Page