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NEW YORK (TheStreet) -- Department store J.C. Penney (JCP) - Get J. C. Penney Company, Inc. Report reported that fourth-quarter net income grew 35.5% to $271 million, or $1.13 a share, from $200 million, or 84 cents a share, a year earlier.

Adjusted earnings per share from continuing operations were $1.23.

Net sales increased about 3% to $5.7 billion from $5.55 billion.

On average, analysts were calling for earnings of $1.08 a share on revenue of $5.7 billion.

Shares of

J.C. Penney

were rising 1.6% to $37.15 in premarket trading Friday.

Aerospace giant

Boeing

(BA) - Get Boeing Company Report

was awarded a $35 billion contract by the Pentagon for an aerial refueling tanker jet.

Shares of Boeing were rising 4.9% to $74.25 in premarket trading Friday.

>> Surprise: Boeing Wins Tanker Bid

American International Group

(AIG) - Get American International Group, Inc. Report

reported net income of $11.2 billion and earnings per share of $16.60 for the fourth quarter of 2010.

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Shares of AIG were up 0.7% to $41.72 in premarket trading.

>> AIG Reports Profit

TV network

CBS

(CBS) - Get CBS Corporation Class B Report

and

Warner Bros. Television

have decided to end production for the rest of the season on TV comedy

Two and a Half Men

because of comments star Charlie Sheen made about the show's producer.

CBS was up 0.3% to $22.10.

>> Charlie Sheen's 'Two and a Half Men' Axed

Footwear company

Deckers Outdoor

(DECK) - Get Deckers Outdoor Corporation Report

reported heavy demand for its

UGG

brand boots.

The stock was jumping 7.7% to $96.75 in premarket trading.

>> Deckers, Salesforce: After-Hours Action

San Francisco-based cloud computing company

Salesforce.com

(CRM) - Get salesforce.com, inc. Report

crushed the consensus view for its fourth-quarter results.

Shares of the company were higher in premarket trading, surging 9.4% to $147.

>> Deckers, Salesforce: After-Hours Action

>>Search for Highest Dividends by Rate or Yield

-- Written by Andrea Tse in New York.

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