Midday movers: Zale, Tiffany

Stocks rebound slightly from the steep sell-off in the first two days of the week.

By MSN Money Partner Aug 28, 2013 2:08PM
copyright SuperStock, CorbisInformation provided by Theflyonthewall.com

Shares of mining equipment manufacturer Joy Global (JOY) fell over 3% despite the company reporting better than expected third quarter adjusted earnings and revenue. The company, however, said total bookings decreased 36% from last year to $695M in the third quarter. Joy said it still expects to finish the current fiscal year within its prior guidance, but also said its current order outlook is "unlikely to support annual revenue above $4B." 

Among some notable gainers following their earnings reports were jewelry retailer Zale (ZLC) which surged over 21%, and apparel retailers Chico’s FAS (CHS) and Express (EXPR), which advanced about 7% and 6%, respectively. 

Among the noteworthy losers was AutoNavi (AMAP), which fell 12% after its results missed expectations and the company said its previous guidance is "no longer a good indicator" of its long-term value. Also lower were shares of Tiffany (TIF), which slid 3% following downgrades at Citigroup and CLSA the day after the company reported its quarterly earnings. 
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