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Early Movers: TGT, COH, TJX & More

Wednesday, 27 Feb 2013 | 8:07 AM ET

Check out which companies are making headlines before the bell Wednesday:

Target - The retailer posted earnings of $1.65 a share, excluding one-time items, on revenue of $22.73 billion, topping expectations for $1.48 a share on sales of $22.69 billion. In addition, the company handed in current-quarter earnings estimates that were better than current Wall Street projections.

Coach - The upscale retailer rallied in pre-market trading amid unconfirmed reports that the company is exploring a sale of itself. Separately, the retailer said it has hired a former Nike executive to oversee the transformation of its stores.

Dollar Tree - The discount retailer reported earnings of $1.01 a share, edging past expectations by 2 cents a share, on revenue of $2.25 billion, topping expectations for $2.22 billion.

TJX - The parent company of TJMaxx posted earnings of 82 cents a share on revenue of $7.7 billion, beating expectations for 81 cents a share on revenue of $7.67 billion. In addition, the company announced a dividend hike and a new share repurchase program.

Joy Global -The mining equipment maker posted a first-quarter profit above analysts' expectations, but said orders fell as coal miners cut back on production in a weak market. Coal producers across the world have reduced output to cope with falling demand as coal is increasingly being replaced by cheaper natural gas for power generation.

Clearwire - The wireless communications company said it has elected to take the $80 million March draw under terms of its agreements with Sprint. The company's decision further complicates Dish Network's efforts to acquire Clearwire.

Coinstar - The movie and game rental kiosk operator announced a new feature at select kiosks that consumers to deposit or withdraw cash from their PayPal accounts, as well as transfer money to other PayPal accounts.

Priceline.com - At least three brokerages raised their price target on Priceline a day after the travel website company posted quarterly results that topped forecasts.

First Solar - Baird cut its rating on the solar panel maker to "neutral" from "outperform" and lowered its price target to $25 from $30. On Tuesday, First Solar posted earnings that beat, but its revenue and outlook fell short.

RadioShack - The consumer electronics retailer was upgraded to "market perform" from "underperform" at Raymond James.

Norwegian Cruise Line - Wells Fargo initiated coverage of the cruise operator with an "outperform" rating and a valuation range of $35 and $37.

Nokia - Argus Research upgraded the Finnish cellphone maker to "buy" from "hold."

—By CNBC's JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)

Questions? Comments? Email us at marketinsider@cnbc.com

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TGT
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DLTR
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TJX
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JARD
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JOY
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CBV
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The Priceline Group
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FSLR
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NOK
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OUTR
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RSH
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NCLH
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COH
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NKE
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Featured

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • Sharon Epperson is CNBC's senior commodities and personal finance correspondent.

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.

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