Economic Calendar

Thursday, January 7, 2010

Bed Bath & Beyond, Hot Topic, InfoSpace: U.S. Equity Preview

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By Lu Wang

Jan. 7 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Bed Bath & Beyond Inc. (BBBY US): The largest U.S. home- furnishings retailer forecast fourth-quarter profit of at least 67 cents a share, topping the average estimate of 63 cents from analysts in a Bloomberg survey.

Christopher & Banks Corp. (CBK US): The Minnesota-based women’s clothing retailer posted earnings excluding some items of 19 cents a share in the third quarter, missing the average analyst estimate by 7.3 percent, according to Bloomberg data.

Hot Topic Inc. (HOTT US): The teen clothing and music retailer reduced its fourth-quarter earnings forecast as December sales fell more than analysts estimated.

InfoSpace Inc. (INSP US): The provider of services for mobile phones and Web sites said fourth-quarter revenue was $69 million at least, more than it previously forecast.

Tessera Technologies Inc. (TSRA US): The designer of packaging for computer chips projected first-quarter sales of $61 million at most, trailing the average estimate of $63.7 million from analysts in a Bloomberg survey.

Zumiez Inc. (ZUMZ US): The specialty sports-apparel retailer boosted its fourth-quarter profit forecast after sales unexpectedly rose last month.

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net




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