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Pre-market Movers For Feb 28 (PCLN, ODP, AZO, ALIM, JASO, SINA, MENT, APOL, DUF)

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Gainers:

Priceline.com Inc. (PCLN: Quote) is rising 7 percent to $634.20. The company's fourth quarter profit and revenues surged from the previous year period. Both earnings per share and revenue were above Wall Street view. The company guided first quarter adjusted earnings per share above consensus.

Office Depot, Inc. (ODP: Quote) is rising 2 percent to $3.10. The company swung to a profit in its fourth quarter and its adjusted earnings per share were above analysts' estimate. Meanwhile, sales were slightly below consensus.

AutoZone, Inc. (AZO: Quote) is up over 2 percent to $375.50. The company's second quarter profit improved from the prior year period. Net sales increased from the year-ago quarter, and were above consensus. Domestic same store sales improved 5.9 percent.

Alimera Sciences, Inc. (ALIM: Quote) is gaining 77 percent to $4.09. The company announced positive outcome of the Decentralized Procedure for ILUVIEN in Europe. This announcement follows the issuance of the Final Assessment Report from the Reference Member State, the Medicines and Healthcare products Regulatory Agency of the United Kingdom, and the agreement of all the Concerned Member States that ILUVIEN is approvable.

JA Solar Holdings, Co., Ltd. (JASO: Quote) is up 8 percent to $2.01. The company raised its forecast for shipments for the fourth quarter and for 2011.

SINA Corp. (SINA: Quote) is up 2 percent to $64.30 after it swung to a profit in its fourth quarter. However, the company's fourth quarter non-GAAP profit declined from the year-ago period and its first quarter non-GAAP net revenue guidance is below consensus estimate.

Mentor Graphics Corp. (MENT: Quote) is up 7 percent to $16.10. The company's fourth quarter profit improved from the prior year period and its adjusted earnings per share and revenues were above consensus. In addition, the company guided first quarter and fiscal year 2013 results above Wall Street view.

Decliners:

Apollo Group, Inc. (APOL: Quote) is down nearly 10 percent to $46.35. The company lowered its growth forecast for new degreed enrollment for the second quarter. The company said it believes new degreed enrollment has been adversely impacted by a number of factors, including the improving labor market, the competitive environment, and changes in marketing channels to better identify potential students more likely to succeed at University of Phoenix.

Duff & Phelps Corp. (DUF: Quote) is down 8 percent to $13.80. The company has commenced an underwritten public offering of 4.50 million common shares. The company is offering 3.2 million shares in the offering and Shinsei Bank, Limited is offering an additional 1.29 million shares as a selling stockholder.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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