Mediaboss Marketing

By Corrie Driebusch and Nathalie Tadena

Among the companies with shares expected to actively trade in Thursdays session are Hewlett-Packard Co. (HPQ), Pandora Media Inc. (P) and Tiffany & Co. (TIF).

Hewlett-Packard unveiled plans to lay off 27,000 employees and said it was cautiously optimistic about its future despite a 31% slump in its fiscal second-quarter earnings. Shares were up 8.2% to $22.80 premarket as earnings beat the companys expectations and as the company raised its full-year view.

Pandora posted a widened quarterly loss on Wednesday, though the Internet radio firms results included a fast-growing sales figure that topped Wall Street expectations. Shares jumped 15% to $11.93 premarket.

Tiffanys fiscal first-quarter earnings edged up 0.6% and the high-end jewelry retailer reduced its full-year expectations, citing slowing economic growth in many countries and softness in U.S. operations. Shares dropped 7% to $57.50 premarket.

NetApp Inc. (NTAP) joined a growing list of technology companies issuing bleak financial guidance, citing ongoing economic uncertaintyespecially in Europefor a disappointing current-quarter outlook. Shares sank 17% premarket to $27.20 as a weak forecast overshadowed the data-storage makers fiscal fourth-quarter earnings, which grew 13% on stronger revenue in all three major businesses.

Signet Jewelers Ltd.s (SIG, SIG.LN) fiscal first-quarter earnings rose 9.4% despite modest sales growth amid a calendar shift for the Mothers Day selling season. Shares were down nearly 10% in recent premarket trading as revenue missed expectations the Signet estimated fiscal second-quarter earnings below analysts views.

MediciNova Inc. (MNOV) said the preliminary results from a Phase 2b clinical study did not yield statistically significant results for its MN-221 asthma treatment. Shares of the biopharmaceutical company slumped 43% to $1.57 premarket.

PVH Corp.s (PVH) fiscal first-quarter earnings jumped 61% as the apparel company saw continued growth in its two key labels. Shares rose 4% to $80.48 in premarket trading as the company boosted its full-year guidance and beat its guidance.

Monro Muffler Brake Inc.s (MNRO) fiscal fourth-quarter profit rose 27% as the automotive services company saw a boost from acquisitions and higher brake sales. The results fell short of expectations, however, and the company said higher gas prices and economic woes would affect customer purchasing decisions and pressure earnings in the near term. Shares slipped 1.4% to $36.50 premarket.

Originally posted here:
Stocks to Watch: Hewlett-Packard, Pandora, Tiffany