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Pre-market Movers For Feb 27 (TGT, DLTR, OPTR, PCLN, FSLR, FDML)

Gainers:

Dollar Tree, Inc. (DLTR: Quote) is rising 4 percent to $42.80. The company's fourth quarter earnings improved from the year-ago quarter and were above Wall Street view. Net sales rose 15.4 percent and also topped the consensus estimate. The company guided first quarter results in-line with analysts' expectation, but full year earnings per share below Street view.

Optimer Pharmaceuticals, Inc. (OPTR: Quote) is rising over 11 percent to $11.95 based on the news that it has started exploring a full range of strategic alternatives. The company also announced that it has appointed its Chairman, Henry McKinnell, as its chief executive, replacing Pedro Lichtinger.

priceline.com Inc. (PCLN: Quote) is up 4 percent to $710.00 following the release of its quarterly results.

Decliners:

Target Corp. (TGT: Quote) is falling nearly 3 percent to $62.30. The company's fourth quarter profit declined from the year-ago quarter. Total revenues for the quarter rose and managed to come above the consensus estimate. Meanwhile, the company forecast first quarter and 2013 adjusted earnings per share above market view.

First Solar, Inc. (FSLR: Quote) is plunging 14 percent to $26.83 following the release of its fourth quarter results.

Trading halt:

Trading in shares of Federal-Mogul Corp. (FDML: Quote) was halted. The company slipped to a loss in its fourth quarter on an adjusted basis, reflecting lower sales, especially in the European market.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Social game developer Zynga Inc. said Wednesday after the markets closed that its first quarter loss narrowed from last year, as revenue increased and costs and expenses fell. The company's quarterly adjusted loss per share was also narrower than analysts estimated and its quarterly revenue beat analysts' forecast. Twenty-First Century Fox reported a better-than-expected third-quarter profit, on growth at its cable and film entertainment business, partly offset by the absence of Super Bowl as well as currency headwinds. Activision Blizzard Inc. (ATVI) on Wednesday reported a surge in profit for the first quarter, as revenues increased reflecting strong growth in digital business with the video game publisher's profit and revenues topping Wall Street estimates. Moving ahead, the company detailed a weak outlook for...
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