logo
Share SHARE
FONT-SIZE Plus   Neg

Pre-market Movers For Feb 26 (HD, M, AZO, RSH, ACFC, TWI, AMCX)

Gainers:

Home Depot, Inc. (HD: Quote) is rising over 2 percent to $65.35. The company's fourth quarter earnings and sales improved from the previous year period ans were above Wall Street view. The company's board has authorized a $17 billion share repurchase program and also raised its quarterly dividend. Meanwhile, the company forecast fiscal 2013 earnings below Wall Street view.

Macy's, Inc. (M: Quote) is rising over 4 percent to $40.10. The company's fourth quarter profit declined from the year-ago quarter. Net sales improved from the prior year period and topped the consensus estimate. The company guided its fiscal 2013 earnings per share above analysts' estimate.

Atlantic Coast Financial Corp. (ACFC: Quote) is jumping 35 percent to $4.80. The holding company for Atlantic Coast Bank entered into a definitive merger agreement with Bond Street Holdings, Inc. As a result of this strategic merger agreement, the company's stockholders will receive $5.00 per share in cash for each common share owned.

Decliners:

AutoZone Inc. (AZO: Quote) is falling 2 percent to $369.99. The company's second quarter profit improved from the previous year period and was above Wall Street view. Net sales rose 2.8 percent, but missed the consensus estimate by a whisker. Domestic same-store sales for the quarter declined 1.8 percent.

RadioShack Corp. (RSH: Quote) is down more than 3 percent to $2.94. The company slipped to a loss in its fourth quarter, hurt by a hefty charge related to deferred tax assets and lower revenues. Net sales and operating revenues were below the consensus estimate.

Titan International Inc. (TWI: Quote) is declining 11 percent to $22.10 following the release of its quarterly results.

Trading halt:

Trading in shares of AMC Networks Inc. (AMCX: Quote) was halted. The company's fourth quarter profit slumped from the previous year period. Net revenues were below the consensus estimate.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Fox News pundit Bill O'Reilly remains under fire amid accusations that he trumped up his role in covering international events. Only weeks after a Mother Jones article raised doubts about his claims that he was in the "warzone" during the Falklands War, the Washington Post noticed that O'Reilly once... PayPal, the online payment unit of Ebay, said it has agreed to buy mobile payment company Paydiant as part of efforts to expand its mobile offerings for merchants. The deal comes at a time when the mobile payment space is suffused with prominent players like Apple and Google, with retailers seeking their own mobile payment applications. Google plans to launch a limited-scale U.S. wireless service, which while not taking on the big players in the industry, would nonetheless incorporate technical innovations that could be absorbed the carriers. This was announced by Sundar Pichai, a top Google executive, at the ongoing World Mobile Congress in Barcelona.
comments powered by Disqus
RELATED NEWS
Trade HD now with 
Follow RTT