Market Roundup (TIF, GENZ, TCK, RY, TD, SNDK, AMD, MU)

Shares of Tiffany TIF gained about 4.8% after the company reported upbeat quarterly results. The company's net income came in at $0.43 per share, up from $0.35 per share, in the year-earlier period. Excluding one-time items, Tiffany posted its earnings at $0.46 per share. The company's sales increased 14% y/y to $681.7 million. However, analysts expected a profit of $0.37 per share on sales of $650.3 million. For the full-year, Tiffany projected its adjusted profit of $2.72 to $2.77 per share, versus its earlier guidance of $2.60 to $2.65 per share. However, analysts estimated full-year profit of $2.63 per share. US drug stocks rose, with the NYSE Arca Pharmaceutical Index (DRG) gaining about 0.5% and the NYSE Arca Biotechnology Index (BTK) rising about 1.7%. Genzyme Corp GENZ was the top gainer in the list. Canadian stocks are higher, following the US data, along with a report depicting a rise in Canadian consumer confidence. The S&P/TSX Composite Index gained about 0.64%. Teck Resources Ltd TCK, Royal Bank of Canada RY and Toronto-Dominion TD were the gainers in the list. Shares of semiconductor companies rose, with SanDisk Corp SNDK as the top gainer in the list. Shares of Advanced Micro Devices AMD moved up about 4.3% and Micron Technology MU rose about 5.8%. The Philadelphia Semiconductor Index (SOX) gained about 2.5%. Read more from Benzinga's Markets.