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Pre-market Movers For August 22 (TOL, SRZ, WSM, DELL, AEO, EXPR)

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8/22/2012 8:33 AM ET

Gainers:

American Eagle Outfitters (AEO: Quote) is rising 7 percent to $22.25. The company's second quarter earnings from continuing operations surged from the year-ago period. Net sales for the quarter improved 11 percent.

Sunrise Senior Living Inc. (SRZ: Quote) is jumping 58 percent to $14.13 based on the news that Health Care REIT, Inc. (HCN) has agreed to acquire the company for $14.50 per share in an all-cash transaction.

Williams-Sonoma Inc. (WSM: Quote) is rising 10 percent to $42.11 following the release of its second quarter results.

Toll Brothers Inc. (TOL: Quote) is gaining 4 percent to $33.10 as its third quarter profit and revenues soared from the previous year period.

Decliners:

Express, Inc. (EXPR: Quote) is down 10 percent to $15.10. The company's second quarter profit increased from the year-ago quarter. Net sales increased 2 percent, but missed the consensus estimate. The company guided its third quarter earnings per share below Wall Street view.

Dell Inc. (DELL: Quote) is falling 6 percent to $11.57 following the release of its quarterly results.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Data-storage products maker NetApp Inc. said Tuesday after the markets closed that its fourth quarter profit fell 4% from last year, hurt mainly by higher operating expenses even as revenue grew slightly. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Analog Devices, Inc. said that its second quarter profit rose slightly from last year, helped mainly by lower income tax expenses even as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations. However, the company forecast third quarter revenue and earnings below analysts' current consensus estimates. While buying interest was relatively subdued, stocks moved modestly higher over the course of the trading day on Tuesday. The strength on the day offset the weakness seen in the previous session, with the Dow and the S&P 500 reaching new record closing highs. The major averages gave back some ground in late-day trading but remained in positive territory.
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