(INSP) - buy
InfoSpace raised Q4 revenue and pretax income outlook and expects rev of $69M to $70M, up from prior forecast of $57M to $60M.

(RUE) - buy
Rue21 raised Q4 guidance in range of $0.28 to $0.30 from $0.17 to $0.20 previous guidance.

(BBBY) - buy
Bed Bath & Beyond reported Q3 income of $151.3M or 58 cents a share, from $87.7M or 34 cents a share a year ago with rev rising 10.8% for three months ending November 28.

(RT) - buy
Ruby Tuesday reported Q2 earnings of 1 cent a share, 3 cents better than consensus and issues in-line guidance for FY10.

(ZUMZ) - buy
Zumiez reported that stores sales open at least a year rose 0.3% during five weeks ending Jan. 2, compared to 6.4% decline predicted by analysts.

(TSRA) - short
Tessera Tech reported rev of $56.0M vs consensus $61.3M for the Q4, sending shares sharply lower during after market trading.

(ID) - short
L-1 Identity Solutions reported that Q4 rev and profits would likely fall below expectations, sending shares to the basement in after market trading.

(CBK) - short
Christopher & Banks reported Q3 profit at low end of outlook range issued last month with comparable store sales expected to decline in the high single digits for Q4.

(HOTT) - short
Hot Topic lowered Q4 profit after December sales came in below expectations, as consumers continue to curb spending during the recession.

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