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

Gainers:

Dollar Tree, Inc. (DLTR) 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) 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) is up 4 percent to $710.00 following the release of its quarterly results.

Decliners:

Target Corp. (TGT) 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) 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) 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
German lender Commerzbank AG said Thursday that it will cut almost 10,000 jobs, stop paying dividends for the time being and merge two big units as part of a restructuring to become profitable on a sustainable basis by 2020. The bank, Germany's second largest, said that to cover its restructuring costs in the region of 1.1 billion euros, it will cease dividend payments for the time being. Apple Inc. has repeatedly assured customers of its commitment to privacy and said that iMessage conversations are safe. However, Apple's iMessage logs the phone numbers typed by users for a text conversation and shares this information with law enforcement when compelled by court order, according to news site "The Intercept." Snack and beverage giant Pepsico Inc. reported Thursday significantly higher profit in its third quarter, reflecting the absence of last year's hefty Venezuelan impairment charges, despite weak revenues. Core earnings and revenues beat market estimates. Further, the company lifted its fiscal 2016 forecast on its performance and outlook for the fourth quarter.
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