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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
Bank of Nova Scotia or otherwise known as Scotiabank, Friday reported lower net profit for the third quarter, in the absence of a year-ago gain. Earnings per share, however, came in line with the Street view. Further, the company said it raised its quarterly dividend by 2 cents. Non-traditional discount and variety stores operator Big Lots Inc. (BIG) Friday reported a decline in net profit for the second quarter, while net sales grew 1.2 percent from the prior year. Comparable sales for the quarter increased 2.8 percent. Google has rejected the European Union's charges that it abused its market power and the demanded that it change the way it ranks online comparison shopping services in its search results, setting up a potentially long legal battle with the EU regulator empowered to levy billions of euros in fines
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