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EDITOR
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What's Shaking: Wednesday's Early Movers
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Senior Producer
Take a look at some of Wednesday morning's early movers:
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Comcast [CMCSA
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] - The parent of NBCUniversal earned 47 cents per share for the fourth quarter, six cents above estimates. Revenue beat consensus as well, and the media company also raised its annual dividend to 65 cents a share from 45 cents, as well as announcing a new $6.5 billion share repurchase plan.
Deere & Co. [DE
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] - The equipment maker earned $1.30 per share for its fiscal first quarter, six cents above estimates, on growing demand for farm and construction machinery as well as higher selling prices.
Kellogg [K
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] - The cereal maker will buy the Pringles business from Procter & Gamble [PG
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] for $2.7 billion, after P&G ended a deal to sell Pringles to Diamond Foods [DMND
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]. That follows an investigation which found that Diamond had made improper payments to walnut growers.
Zynga [ZNGA
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] - The social network gaming company reported better than expected fourth quarter profit of five cents per share, two cents above estimates, while beating on the top line as well. But analysts are concerned that player acquisition has slowed down.
Abercrombie & Fitch [ANF
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] - The clothing retailer earned $1.12 per share, excluding certain items, for the fourth quarter, slightly below estimates of $1.16. It had warned earlier this month that its results would be pressured by higher promotional costs.
MetLife [MET
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] - The insurance company earned $1.31 per share for the fourth quarter, seven cents above estimates, though revenues were slightly short of consensus. Metlife was able to benefit from an increase in premiums.
Renren [RENN
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] - The Chinese social networking company's preliminary fourth quarter results and its 2012 outlook fall below analyst estimates, as the company increases its spending on technology infrastructure.
Avon [AVP
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] - The company has reportedly approached HSN [HSNI
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] chief executive Mindy Grossman to be its new CEO, as the cosmetics maker seeks to replace outgoing CEO Andrea Jung.
Foot Locker [FL
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] - The athletic retailer announced a dividend increase of 9 percent as well as a new $400 million share repurchase program.
Major investors have filed their fourth quarter 13F statements with the SEC, and a number of stocks could move today as a result. Among the highlights: new stakes by Berkshire Hathaway in DaVita [DVA
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] and Liberty Media [LMCA
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], while increasing stakes in Coca-Cola [KO
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], General Dynamics [GD
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], and CVS Caremark [CVS
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]. Warren Buffett’s firm also cut stakes in Johnson & Johnson [JNJ
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] and Kraft Foods [KFT
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].
Greenlight Capital took new stakes in Dell [DELL
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], Xerox [XRX
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], Research In Motion [RIMM
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], and Yahoo [YHOO
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], while selling positions in Becton Dickinson [BDX
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] and CVS Caremark .
Soros Fund Management sold stakes in Xerox , Citigroup [C
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], AT&T [T
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], Charles Schwab [SCHW
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], and Amazon.com [AMZN
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].
Questions? Comments? Email us at
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Data is a real-time snapshot *Data is delayed at least 15 minutes
