Oxford, MS 8/17/2011 (PennyPayDay) – Target (TGT) shares were rising 5.1% to $51.92 after the discount chain said it earned $1.03 a share during the second quarter, beating estimates for 97 cents. Same-store sales grew 3.9% for the three-month period.Shares of PC maker Dell (DELL) fell in premarket trading Wednesday after the company reported second-quarter revenue that missed analysts' forecasts and it issued a weak outlook.
Deere (NYSE: DE) reported fiscal third-quarter earnings of $1.69 a share on sales that rose 22% to $8.37 billion. Analysts' estimates had called for a profit of $1.67 a share on revenue of $7.5 billion. The agriculture equipment company also raised its full-year earnings forecast to $2.7 billion from its previous guidance of $2.65 billion.
Shares of Abercrombie & Fitch (ANF) were falling 6.4% even though the teen retailer posted second-quarter earnings that exceeded analysts' forecasts by 6 cents at 35 cents a share.
First Solar (FSLR) shares were down 2.8% at $101.50 after the solar panel maker said Jens Meyerhoff, president of the company's utility systems business group and former chief financial officer, will leave the company next month.
Analog Devices (ADI) said fiscal third-quarter earnings rose 10%, but the results missed expectations, and the chipmaker said fourth-quarter revenue could be reduced as the uncertain global economy makes customers more cautious.
Office products retailer Staples (SPLS) posted adjusted second-quarter earnings of 22 cents a share, topping the estimates of analysts.
Sales rose 5.2% to $5.82 billion.
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