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


Home Depot, Inc. (HD) 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) 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) 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.


AutoZone Inc. (AZO) 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) 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) is declining 11 percent to $22.10 following the release of its quarterly results.

Trading halt:

Trading in shares of AMC Networks Inc. (AMCX) 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
T-Mobile US Inc. on Monday lifted its forecast for fiscal 2016 adjusted EBITA, a key earnings metric, as well as customer additions after reporting a surge in third-quarter profit and and revenues with strong customer growth. Earnings per share came in above market estimates. In pre-market activity, shares were gaining around 4.8 percent to $49. Shares of Philips Electronics NV were gaining around 3 percent in the early morning trading in Amsterdam after the Dutch consumer electronics giant reported Monday a higher profit in its third quarter driven by margin strength with improved performance in its segments. Consolidated comparable sales growth was 2 percent, driven by 5 percent increase in HealthTech portfolio. AT&T announced a definitive agreement to purchase Time Warner in a stock-and-cash transaction valued at $107.50 per share. This purchase price implies a total equity value of $85.4 billion and a total transaction value of $108.7 billion, including Time Warner's net debt. AT&T expects the deal to close before year-end 2017.
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