General Motors: Premarket Trading
NEW YORK (TheStreet) -- Automaker General Motors (GM) reported a fourth-quarter profit of $510 million, t, despite losses in Europe, and said current quarter results would be strong.
GM shares rose 0.8% to $34.87 in premarket trading Thursday.
Department store Kohl's (KSS) said that fiscal fourth-quarter earnings rose to $1.66 a share from $1.40 a year earlier, in line with analysts estimates.
In addition, Kohl's raised its share repurchase program by $2.6 billion to $3.5 billion and declared a quarterly dividend of 25 cents a share.
Kohl's was falling 0.9% to $51.55 in premarket trading Thursday.Gold and copper producer Newmont Mining (NEM) reported that fourth-quarter net income rose about 46% to $812 million, or $1.61 a share, from $558 million, or $1.13 a share, a year earlier. On an adjusted basis, earnings per share were $1.16. Sales rose about 1% to $2.55 billion from $2.52 billion. Analysts, on average, were expecting earnings of $1.13 a share on revenue of $2.57 billion. Shares of Newmont were up 1.4% to $59.96 in premarket trading Thursday.
Sears Holdings (SHLD), the U.S. retailer, named Lou D'Ambrosio as CEO and president, and said profit in the fourth quarter topped analysts' estimates despite a 1.2% drop in domestic same-store sales. There were no premarket quotes on Thursday for Sears. The stock ended Wednesday's trading session at $87.23, down 3.3%.
Pay-TV provider Dish Network (DISH) said fourth-quarter net income grew about 41% to $252 million, or 56 cents a share, from $179 million, or 40 cents a share, the year before. Revenue rose 8.2% to $3.21 billion from $2.96 billion. Wall Street consensus was looking for earnings of 54 cents a share on revenue of $3.21 billion. Dish Network shares were falling 1.9% to $22.49 in premarket trading Thursday. Earlier it was down more than 10% in premarket trading.
Online travel company Priceline.com (PCLN) rode a huge jump in bookings to a better-than-expected quarterly profit. Shares of the company rose 6.3% to $452.85 in premarket trading.
Semiconductor material maker AXT (AXTI) disappointed Wall Street with its quarterly results and outlook. The stock was dropping 11.7% to $7.38.
Online broker E-Trade Financial ( ETFC ) said major shareholder Citadel Investment Group plans to sell 23.95 million E-Trade common shares in a secondary offering. E-Trade was falling 5.7% to $15.70.
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