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Take a look at some of Tuesday morning’s early movers:
Tiffany - The luxury goods retailer fell three cents short of analyst estimates with fourth-quarter profit of $1.39 per share, with the company saying it experienced softer than expected sales at the end of the quarter. However, Tiffany’s fiscal 2013 guidance of $3.95 to $4.05 per share is above current consensus of $3.93.
United Parcel Service - Stifel Nicolaus is downgrading UPS to “hold” from “buy,” saying it prefers the shares of rival FedEx. The firm believes the purchase of TNT Express is a long-term positive, but has some near-term integration risk.
Adobe Systems - The software maker reported fiscal first-quarter numbers that were largely in line with estimates, but part of Adobe’s second-quarter guidance range, however, does fall slightly below consensus.
Michael Kors - The company raised its fiscal fourth-quarter earnings per share guidance to 14 cents to 16 cents per share, above estimates of 13 cents. However, its revenue guidance range falls largely below estimates, and it’s also announcing a 25 million share secondary stock offering.
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