Computer maker Dell (DELL) fell short of analysts' expectations on both the top and bottom lines in its fiscal first quarter. Dell also provided second-quarter revenue guidance below analysts' views. Dell predicts revenue of between $14.69 billion and $15 billion; analysts are looking for sales of $15.42 billion. Shares of Dell dropped 12.8% to $13.15 in premarket trading Wednesday.
Toll Brothers (TOL - Get Report), the homebuilder, posted second-quarter profit of 10 cents a share, a swing from a year-earlier loss of 12 cents. The latest quarter included a tax benefit of $1.2 million. Revenue rose to $373.7 million from $319.7 million. Analysts expected Toll to report earnings of 3 cents a share on revenue of $381 million. Toll Brothers shares ticked up a penny, or 0.04%, to $27.04 in premarket trading Wednesday. 5 Hated Stocks That You Should Love
SAP (SAP), the German IT services giant, said Tuesday it reached an agreement to buy Ariba (ARBA) for $4.3 billion. SAP's offer of $45 a share offer represents a 20% premium to Ariba's closing price on Monday. The deal is expected to close in the third quarter. Shares of SAP fell 12 cents, or 0.2%, in premarket trading Wednesday to $58.57. Ariba was off 9 cents to $44.78. Yahoo! Shareholders Left With a Long Facebook Battle
American Eagle Outfitters (AEO) is expected by analysts Wednesday to report fiscal first-quarter earnings of 20 cents a share on sales of $719 million. Gold: The World's Friend for 5,000 Years
Monsanto (MON) announced Wednesday that it is purchasing Precision Planting, a planting technology developer, for $210 million plus a performance-based payment of as much as $40 million. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.