Wal-Mart's second-quarter earnings rose 5.7% as the retail giant's U.S. same-store sales remained flat, though margins declined. The company raised its full-year earnings view. Shares rose 2.5% to $51.25 in premarket trading.
Home Depot's (HD) fiscal second-quarter earnings jumped 14% as the largest home-improvement retailer in the U.S. benefited from improving same-store sales and a higher average customer ticket. Shares rose 1.7% to $32 in premarket trading.
Urban Outfitters' fiscal second-quarter profit fell 21% as the apparel retailer posted lower same-store sales and a weaker gross margin due to increased merchandise markdowns, although the results topped analysts' expectations. But the company also said it sees weaker third-quarter margins and said recent political and macroeconomic events have affected its customers, particularly seeing a slowdown at its Anthropologie brand. Shares slumped 11% to $26.31 in premarket trading.
VanceInfo Technologies Inc.'s (VIT) second-quarter earnings eased 0.8% as rising overhead costs at the Chinese outsourcing company outpaced sales growth. For the year, the company lowered its per-share earnings forecast as it reiterated its revenue guidance. The company's American depositary shares fell 17% to $15.80 in premarket trading.
Chinese online retailer E-Commerce China Dangdang Inc. (DANG), which listed on the New York Stock Exchange in December, said Tuesday its second-quarter net loss widened as competitive pricing and promotional measures pressured its gross margin. American depositary shares fell 11% to $9.38 in premarket trading.
Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) revealed an investment in discount retail chain Dollar General Corp. (DG) on Monday, a purchase likely by new investment manager Todd Combs. Dollar General's shares rose 3.2% to $33.23 in premarket trading.
Dick's Sporting Goods Inc.'s (DKS) fiscal second-quarter earnings rose 43% as the retailer posted core earnings that exceeded its own expectations and improved same-store sales. Dick's again lifted its full-year earnings forecast and expects same-store sales to edge up about 1% to 2%. The company said that while some may view its top-line guidance as being conservative, it believes that the current instability in many global markets and the uncertainty in the domestic macro economic environment warrant a cautious outlook. Shares fell 8.1% to $30.25 in premarket trading.
Perrigo Co.'s (PRGO) fiscal fourth-quarter earnings rose 75% as the company saw strength in its consumer health-care business on new product sales, along with higher margins. Shares slipped 6.4% to $82.75 premarket as revenue came in lighter than expected.
Forest Laboratories Inc. (FRX) said Monday it agreed to repurchase another $350 million of its common stock from Morgan Stanley (MS), which represents about 3.2% of the drug maker's market value. Shares were up 2.6% at $35.40 premarket.
Watch List:
Agilent Technologies Inc.'s (A) fiscal third-quarter profit rose 61% as the maker of testing and measurement equipment continued to benefit from higher order volume and double-digit revenue growth across its major segments. The company also raised its full-year forecast again.
AngioDynamics Inc.'s (ANGO) board appointed former Smith & Nephew Orthopedics PLC (SNN, SN.LN) executive Joseph M. DeVivo as the medical-device maker's new president and chief executive, effective early next month.
Cliffs Natural Resources Inc.'s (CLF) board has authorized a 4-million stock-repurchase program, as the coal and iron-ore producer aims to "opportunistically acquire shares at attractive valuations," the company said Monday.
KAR Auction Services Inc. (KAR) agreed to pay $210 million in cash to acquire Openlane, as the auctioneer of used and damaged vehicles aims to boost its online product offerings.
Ellie Mae Inc. (ELLI) revised its outlook for the year--lowering its profit prediction while increasing the revenue forecast--as it announced an acquisition to expand its customer base and integrate a new mortgage-origination software program.
Exceed Co.'s (EDS) second-quarter earnings rose 5.2% as the sportswear manufacturer reported stronger revenue, especially in its apparel business.
HiSoft Technology International Ltd.'s (HSFT) second-quarter profit rose 3.9%, but the Chinese information-technology outsourcing company's robust revenue growth was tempered by weaker margins. The company increased its 2011 outlook and predicted a better-than-expected third quarter.
JinkoSolar Holding Co.'s (JKS) second-quarter earnings rose 30% as the Chinese solar-product maker reported a sharp increase in shipments and revenue, despite soft selling prices in the industry.
J. M. Smucker Co. (SJM) slashed prices across a majority of its coffee products, including the Folgers and Dunkin Donuts brands, marking a sharp turn back from price increases rolled out just months ago.
Myriad Genetics Inc. (MYGN) said Monday its board has authorized $200 million worth of share repurchases, which represents about 12% of the diagnostic-test maker's current market value.
RadioShack Corp. (RSH) named Ace Hardware Corp.'s Dorvin D. Lively as its chief financial officer, bringing in an outside executive with retail experience to help the company refocus its strategy.
Moody's Investors Service raised its junk-level rating on Smithfield Foods Inc. (SFD), citing the company's debt reduction, strong operating performance and favorable fundamentals in the port industry.
Towers Watson & Co.'s (TW) fiscal fourth-quarter earnings fell 25% as the employee-benefits consultancy's merger and integration costs masked revenue growth and improved margins.
Moody's Investors Service increased the likelihood of an upgrade for Union Pacific Corp. (UNP) on Monday because of steadily improving margins.
Health-care information company WebMD Health Corp. (WBMD) has authorized a $75 million stock repurchase program, becoming the latest company to launch an effort to buy back shares amid an uneven stock market.
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