The latest: Alibaba, Softbank, Blackstone Group(BX) and Bain Capital are reportedly in advanced talks to make a bid for all of Yahoo!, according to a report from Bloomberg.
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That news followed a report earlier Wednesday that Silver Lake and a consortium of investors are bidding for a minority stake Yahoo! that would value shares at $16.60 each. Bloomberg also reported that private-equity firm TPG Capital may have submitted a higher bid for Yahoo! than Silver Lake.The stock rose 4% to $16.33 in premarket trading Thursday. Barnes & Noble(BKS) the book and e-book retailer, posted a net loss of $6.6 million, or 17 cents a share, a surprise miss compared with analysts' expectations for net income of 3 cents. Revenue of $1.9 billion was also below the Wall Street consensus of $1.98 billion. In the same quarter last year, the bookseller lost 22 cents a share. Total sales were lower year over year. The company guided to full-year earnings at the low-end of its previously provided range of $210 million to $250 million, stating in a release that while the company" has seen and continues to expect increases in retail earnings from plan, it plans to invest more heavily in customer acquisition activities to fuel NOOK digital growth." The company recently launched its Nook tablet and insisted its tablet was better than Amazon's(AMZN) Kindle Fire. The company predicted a robust holiday quarter, stating that over the three-day holiday weekend comparable-store sales increased 10.9% at Barnes & Noble stores, on top of 17% comparable store growth last year. Shares were down by less than 1% in premarket trading. Kroger(KR), the retailer and food manufacturer, reported third-quarter earnings and revenue ahead of the Wall Street consensus and raised its full-year earnings outlook. Earnings per share of 33 cents beat the consensus call of 31 cents, while revenue of $20.6 billion topped the Wall Street call for revenue at $20.4 billion. Net income was lower by 1% to $195.9 million versus last year, when the company earned 32 cents a share. The supermarket operator guided to a range of $1.95 to $2 in earnings per share, versus a previous estimate of $1.85 to $1.95. Kroger shares were higher by 3% to $23.89. Lululemon Athletica(LULU) shares tanked in premarket trading Thursday after its fiscal third-quarter earnings showed slowing sales growth, even as it beat Wall Street's earnings expectations. Earnings of 27 cents a share were higher than the same quarter a year ago, when the company earned 18 cents, and ahead of the analyst consensus of 25 cents. Revenue improved to $230 million from $176 million a year ago, but was below the analyst call for revenue at $235.7 million. The retailer forecast earnings in the range of 40 cents to 42 cents a share in the fourth quarter, versus an analyst estimate of 42 cents.Shares were lower by 15% to $42.23. Aeropostale(ARO), the casual apparel retailer, gave a disappointing forecast for its fiscal fourth quarter. Aeropostale said it expects to earn 35 cents to 38 cents a share in the three months ending in January, below the current average estimate of analysts polled by Thomson Reuters for a profit of 43 cents.. The company said market conditions remain "incredibly promotional" with many of its competitors in the teen retailer space "increasing both the depth and breadth of their promotions." The Machinists union of Boeing(BA) and the aerospace company said they have tentatively agreed to a landmark deal that extends their contract, locates construction of the new 737 MAX in Renton, Wash., and ends a bitter dispute over whether Boeing can build 787s in South Carolina. The deal appears to reverse what had been a combative relationship and provide a global solution to a series of contentious issues that have troubled both parties. Costco(COST) said same-store sales for November rose 9%, exceeding analysts' forecasts of up 6.5%.Net sales for the month rose 11% to $7.51 billion from $6.78 billion a year earlier. Limited Brands (LTD) said comparable-store sales for November rose 7%. Analysts were expecting a gain of 4.4%.Net sales fell 2.3% to $872.6 million.The retailer also declared a special dividend of $2 a share. Finisar(FNSR), the optical networking equipment maker, posted mixed fiscal second-quarter earnings and gave a below-consensus outlook. Finisar reported a non-GAAP profit of $21.6 million, or 23 cents a share, for the quarter ended Oct. 30 with revenue totaling $241.5 million, a sequential increase of 5.8%. The average estimate of analysts polled by Thomson Reuters was for earnings of 22 cents a share in the period on revenue of $242.2 million. For its fiscal third quarter, Finisar forecast non-GAAP earnings of 20 cents to 24 cents a share, below analysts' expectations of 26 cents. Its revenue outlook of $250 million also was shy of estimates. -- Written by Joseph Woelfel>To submit a news tip, send an email to: tips@thestreet.com.Goldman Sachs' 9 Best Stocks for 2012
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