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Pre-market Movers For Feb 22 (GRMN, PWR, JNJ, TOL, DLTR, DELL, MGM, VVUS)

Gainers:

Garmin Ltd. (GRMN: Quote) is gaining 12 percent to $49.82 as its fourth quarter pro forma earnings per share and net sales were sharply above Wall Street view. In addition, the company guided 2012 results above consensus.

Quanta Services, Inc. (PWR: Quote) is rising 1 percent to $22.00. The company's fourth quarter profit jumped from the year-ago quarter. The company guided first quarter results above analysts' estimates.

Johnson & Johnson (JNJ: Quote) is up 0.22 percent to $65.18. The company announced that its Chief Executive Officer William Weldon will step down from his post in April. He will be succeeded by vice chairman Alex Gorsky as chief executive officer, while Weldon remains the chairman of the board.

Decliners:

Toll Brothers, Inc. (TOL: Quote) is falling 3 percent to $22.97. The company slipped to a loss in its first quarter. Revenues also declined from the year-ago quarter.

Dollar Tree, Inc. (DLTR: Quote) is down over 2 percent to $85.93. The company's fourth quarter profit increased from the previous year and consolidated net sales rose nearly 13 percent. Meanwhile, the company expects first quarter results below consensus.

Dell Inc. (DELL: Quote) is down over 6 percent to $17.00. The company's fourth quarter profit declined 18 percent and its earnings per share, excluding items, were below analysts' estimate. Additionally, the company expects a 7 percent sequential decline in its first quarter revenues.

MGM Resorts International (MGM: Quote) is falling 3 percent to $13.75 despite the company reporting fourth quarter loss that narrowed from the previous year period and a year-over-year increase in its consolidated net revenue.

Trading halt:

Trading in shares of VIVUS, Inc. (VVUS: Quote) was halted, pending news.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Internet video service Sling TV, on Wednesday said HBO would be available in time for the "Game of Thrones" and "Silicon Valley" season premieres on April 12, but did not specify a launch date. Memory chip maker Micron Technology, Inc. said Wednesday after the markets closed that its second quarter profit rose 28% from last year, helped by higher sales and lower income tax expenses. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly sales. Apple Watch is expected to post robust sales in the first weekend after its launch on April 24. A craze for Apple Watch may catapult the smartwatch industry into a lucrative market, while a not-so-impressive response for the Apple device may weigh on the industry.
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