Pre-market Movers For Aug 27 (TIF, SAFM, DSW, HITK, JCP, MSFT)

(RTTNews) - Gainers:

Tiffany & Co. (TIF) is rising over 1 percent to $83.00. The company's second quarter profit improved and topped Wall Street view. Worldwide net sales rose 4 percent, but missed the consensus estimate. The company raised its fiscal year earnings guidance, in-line with Street view.

Sanderson Farms, Inc. (SAFM) is gaining 4 percent to $72.50. The company's third quarter earnings and net sales were higher than the previous year period and topped Wall Street view.

DSW Inc. (DSW) is up 2 percent to $82.95. The company's second quarter profit improved from the prior year period and adjusted earnings per share topped Street view. Reported sales increased 9.7 percent and came above analysts' estimate. The company also raised its full-year 2013 earnings guidance.

Hi-Tech Pharmacal Co., Inc. (HITK) is jumping 23 percent to $43.50. Akorn, Inc. (AKRX) has agreed to acquire the company for $640 million cash or $43.50 per share.

Decliners:

J. C. Penney Company, Inc. (JCP) is falling 1 percent to $13.18. William Ackman's Pershing Square Capital Management, L.P., announced pricing of an offering of 39.07 million shares of the company's common stock owned by it, at $12.90 per share.

Microsoft Corp. (MSFT) is down 1 percent to $33.68.