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NEW YORK (TheStreet) -- Big Lots (BIG) - Get Big Lots, Inc. Report was plunging 11% to $33.60 in premarket trading Thursday after deciding not to sell itself after bids from private-equity firms failed to meet the closeout retailer's expectations, The Wall Street Journal reported.

Auto aftermarket parts retailer

Advance Auto Parts

(AAP) - Get Advance Auto Parts, Inc. Report

was tumbling 9.3% to $64.12 after reporting first-quarter profit of $1.35 a share,

missing estimates by 3 cents.

Drug company


(ALKS) - Get Alkermes Plc Report

was falling 5.2% to $17.01 after forecasting a fiscal year 2012 net loss in the range of $36 million to $45 million, or 47 cents a share. Wall Street was expecting a loss of 30 cents a share.



(INTC) - Get Intel Corporation (INTC) Report

was falling 2.1% to $23.38 after its price target was cut to $20 from $21 by Goldman Sachs.

Home products retailer


(WSM) - Get Williams-Sonoma, Inc. Report

reported first-quarter adjusted earnings of 30 cents a share vs. the consensus estimate of 28 cents. Shares were 0.7% lower at $42.94.

General Electric

(GE) - Get General Electric Company (GE) Report

was rising 0.3% to $19.82 after the conglomerate's CEO Jeff Immelt said at a shareholders' meeting in Florida that the company plans on carrying out share buybacks of about $12 billion over the next few years.

Apparel retailer

Limited Brands


was unchanged at $42.45 after reporting adjusted first-quarter profit of 40 cents a share vs. the average analyst estimate of 39 cents a share after the close Wednesday.


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blamed bad weather, a weaker economy and last year's government-sponsored stimulus program for appliances for its

fiscal first-quarter loss.

Apparel retailer


(GPS) - Get Gap, Inc. (GPS) Report

is expected Thursday to report first-quarter profit of 39 cents a share at the closing bell.

While stock market reception for



will be an important barometer for gauging investor appetite on social networking firms, the highly anticipated IPO Thursday will likely

be far from the "Netscape moment"

that tech watchers are hoping for: a watershed IPO that triggers a glut of other splashy tech offerings, say industry insiders.

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-- Written by Andrea Tse in New York.

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