This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Borders, Comcast: Premarket Trading

NEW YORK ( TheStreet) -- Borders (BGP), the No. 2 bookseller in the U.S., filed for Chapter 11 bankruptcy protection Wednesday.

Shares of the company tumbled 34.3% to 15 cents a share in premarket trading Wednesday.

Entertainment and cable company Comcast (CMCSA) said fourth-quarter net income rose 6.6% to $1.02 billion, or 36 cents a share, from $955 million, or 33 cents a share, a year earlier.

Excluding costs related to the NBCUniversal transaction and other special items, fourth-quarter earnings were 35 cents a share. Revenue increased 7.2% to $9.72 billion, from $9.07 billion.

Analysts expected Comcast to earn of 32 cents a share in the quarter on revenue of $9.58 billion.

Shares of Comcast popped 5.6% to $25.50 in premarket trading Wednesday.

Agricultural products company Deere (DE) said first-quarter net income roughly doubled to $513.7 million, or $1.20 a share, from $243.2 million, or 57 cents a share, in the same period last year.

Total net sales and revenue for the first quarter increased about 27% to $6.12 billion from $4.84 billion last year.

On average, analysts were expecting earnings of 99 cents a share on revenue of $5.67 billion.

Deere shares were rising 4.1% to $97.45 in premarket trading.

Sanofi-Aventis (SNY) said Wednesday it agreed to buy U.S. biotechnology company Genzyme (GENZ) for $74 a share cash, or $20.1 billion.

Sanofi, the French drugmaker was rising 0.5% to $34.67 in premarket trading, while Genzyme sgares were up 1.7% to $75.53.

PC giant Dell (DELL) soundly beat Wall Street's profit expectations despite a negligible miss on the top line.

Shares of Dell popped 7.2% to $14.91 in premarket trading Wednesday.

Mining giant BHP Billiton (BHP) announced Wednesday that it plans to return $10 billion to its shareholders after soaring iron ore and copper prices drove its first-half profit up 71.5%.

The stock slid 2% to $92.68.

Retail discount chain Family Dollar Stores (FDO) has received a takeover bid from Trian Fund, controlled by Nelson Peltz.

The fund said it offered to acquire Family Dollar for $55 to $60 a share in cash. Trian already owns an 8% stake in Charlotte, N.C.-based Family Dollar.

Family Dollar surged 28.5% to $56.50 in premarket trading.

Devon Energy (DVN) said fourth-quarter earnings declined 16%, but the profit topped analysts' estimates when certain items are stripped out.

Devon shares were unchanged at $88.10.

>>Search for Highest Dividends by Rate or Yield

More on Earnings
Today's Top Earnings
Earnings Calendar

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

>To follow the writer on Twitter, go to Andrea Tse.

>To submit a news tip, send an email to:


Copyright 2010 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs