ruby tuesday inc

DURECT Corporation (Nasdaq: DRRX) 48% LOWER; announced top-line results from the U.S. pivotal Phase III clinical study for POSIDUR® known as BESST which did not meet statistical significance. Click here to see the full report.

RF Micro Devices, Inc. (Nasdaq: RFMD) 15.9% LOWER; has provided a quarterly financial update for its third fiscal quarter, ended December 31, 2011.

Below are stocks making meaningful moves in pre-open trading Thursday: HIGHER: Ocz Technology Group Inc.

(Nasdaq: OCZ) 16% HIGHER; Q2 results, outlook Zumiez (Nasdaq: ZUMZ) 15% HIGHER; SSS up 10.1%, ups guidance Comtech Telecommunications (Nasdaq: CMTL) 7% HIGHER; takeover speculation 99 (NYSE: NDN) 5% HIGHER; takeover spec EasyLink Services (Nasdaq: ESIC) 4% HIGHER; Q4 results Corning (NYSE: GLW) 3% HIGHER; buyback plan Target Corp.

(NYSE: TGT) 3% HIGHER; strong SSS Molycorp, Inc. (NYSE: MCP) 3% HIGHER; sees upside Monsanto Co.

Zumiez (Nasdaq: ZUMZ) 15% HIGHER; reports a 10.1 percent rise in same-store sales during September. Raises its Q3 EPS guidance from 37-39 cents to 40-41 cents, which compares to the Street estimate of 40 cents.

Sales guidance raised to $150-$152 million, which compares to the Street estimate of $149.3 million. Comtech Telecommunications Corp.

(Nasdaq: CMTL) 6.8% HIGHER; is ripping higher following a headline that it is attracting interest from potential bidders.

Shares are up about 6.5 percent after-hours. Ruby Tuesday, Inc.

Ruby Tuesday, Inc. (NYSE: RT) 10% LOWER; reported Q3 EPS of $0.24, $0.07 worse than the analyst estimate of $0.31.

Revenue for the quarter came in at $319.06 million versus the consensus estimate of $319.8 million. Same-restaurant sales decreased 1.2%.

Lowers FY2011 EPS from $0.76 - $0.86 to $0.74 - $0.82, versus the consensus of $0.90. FY11 comps cut from flat - 2% to flat - 1%.

Bed Bath & Beyond, Inc. (NASDAQ: BBBY) 9.3% HIGHER; reported Q4 EPS of $1.12, $0.15 better than the analyst estimate of $0.97.

Casual dining chain Ruby Tuesday Inc. said Monday it had inked new international franchise agreements in the Middle East and the U.K. for its namesake brand.