Tilly's Inc(NYSE: TLYS) shares fell 18.58% to $12.75 in pre-market hour after the company reported third-quarter net sales of $125 million, up from $107 million a year ago. Analysts expected sales of $128.66 million. Selling expenses for the quarter escalated to $28 million from $23.5 million in the prior year. Quarterly net income stood at $9 million or $0.33 per share from $12 million or $0.59 per share last year. Adjusted earnings for the quarter totaled $8 million or $0.30 per share, compared with $7 million or $0.34 per share in the prior year. Analysts expected earnings of $0.30 per share for the quarter.
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Zale Corporation(NYSE: ZLC) stock plunged 18.55% to $6.06 in the pre-market hour after the company posted first-quarter net loss of $28.27 million, or $0.88 per share, narrower than $31.87 million, or $0.99 per share in the previous year period. Analysts expected the company to report a loss of $0.68 per share. Revenues were $357.47 million, up 1.8% from $350.98 million in the comparable quarter last year, while analysts had a consensus revenue estimate of $364.65 million for the quarter.
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Dendreon Corporation(NASDAQ: DNDN) announced the appointment of Lindsay Rocco as executive vice president, corporate communications and member of the executive committee, effective immediately. In this role, Ms. Rocco will be responsible for all communications functions of the Company and will report directly to John H. Johnson, chairman, president and chief executive officer of Dendreon.
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MBIA Inc.(NYSE: MBI) recommended holders of its 5.70% senior notes due 2034 reject Bank of America Corp.'s hostile offer to purchase all of the notes. Last week, Bank of America said it was offering to buy certain MBIA bonds, the latest twist in a long-running legal battle between the nation's second-largest bank and a bond insurer that issued the company billions of dollars in policies backing subprime bonds.
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Vringo (AMEX: VRNG) reported third quarter net loss of $3.1 million, mainly attributable to a non-operating income of $7.2 million. Third quarter total revenues were $266 thousand. On a per share basis, net loss fell by 83% to a net loss of $0.06 per basic share, compared to a loss of $0.36 per basic share, presented by Vringo in the second quarter.
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