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Pre-market Movers For March 1 (WMT, GPS, TGT, VVUS, WEN, SIRI, FNSR, AIXG, RIMM)

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3/1/2012 8:52 AM ET

Gainers:

Wal-Mart Stores, Inc. (WMT: Quote) is up 1 percent to $59.70. The company has approved an annual dividend of $1.59 per share, approximately a 9 percent increase from the $1.46 per share paid during fiscal year 2012.

Gap Inc. (GPS: Quote) is rising 10 percent to $25.70. The company's February comparable sales increased 4 percent, versus a 3 percent decrease in the year-ago period.

Target Corp. (TGT: Quote) is up over 1 percent to $57.45. The company reported comparable store sales growth of 7.0 percent for the month of February. Net retail sales for the month improved 8.0 percent. The company said it continues to plan for a first quarter comparable-store sales increase of nearly 4 percent.

VIVUS, Inc. (VVUS: Quote) is up 3 percent to $23.20. The company has priced an underwritten public offering of 9 million shares of its common stock at $22.50 per share.

Wendy's Co. (WEN: Quote) is gaining 1 percent to $5.12. The company reported a profit in its fourth quarter. Consolidated revenues increased from the year-ago quarter and were above consensus.

Sirius XM Radio Inc. (SIRI: Quote) is up nearly 1 percent to $2.28.

Decliners:

Finisar Corp. (FNSR: Quote) is falling 9 percent to $18.45. The company's third quarter profit and revenues declined from the year-ago quarter. Adjusted earnings per share matched analysts' estimate, while revenues were below estimates. The company also guided fourth quarter results below analysts' estimates.

Aixtron SE (AIXG: Quote) is down more than 7 percent to $15.15 as the company slipped to a loss in its fourth quarter. Revenues plunged 38 percent.

Research In Motion Ltd. (RIMM: Quote) is down 3 percent to $13.70.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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