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NEW YORK (TheStreet) -- Amazon (AMZN) - Get Free Report shares were rising 1% to $226.40 in premarket trading Wednesday as the online retail giant gets ready to launch its long-anticipated tablet computer.

Electronics manufacturing services provider

Jabil Circuit

(JBL) - Get Free Report

forecast first-quarter earnings of 62 cents to 70 cents a share on revenue of between $4.3 billion and $4.5 billion. The current consensus view is for profit of 61 cents a share on revenue of $4.41 billion in the quarter.

The company posted core earnings of $136.3 million, or 62 cents a share, on revenue of $4.28 billion for its fourth quarter,


the average estimate of analysts polled by

Thomson Reuters

for a profit of 56 cents a share on revenue of $4.19 billion.

Shares were surging 9% to $18.95 in premarket trading Wednesday.

Progress Software

(PRGS) - Get Free Report

said it


non-GAAP earnings of 30 cents to 33 cents a share for the fourth quarter on revenue ranging from $130 million to $134 million. Analysts are looking for a profit of 42 cents a share in the quarter on revenue of $145.4 million.

The Bedford, Mass.-based maker of infrastructure software reported third-quarter non-GAAP earnings that beat the average analysts' earnings per share view by 2 cents.

Shares were tumbling 7.3% to $17.98.

Shares of

Avago Technologies

(AVGO) - Get Free Report

were tumbling 3.6% to $33.25 after the analog semiconductor devices provider announced the sale of 15 million Avago shares by certain shareholders to



Deutsche Bank Securities

, the underwriters in the public offering of those shares.

Payroll, human resource and benefits outsourcing solutions provider


(PAYX) - Get Free Report

reported first-quarter earnings of 41 cents a share, beating the average analyst estimate of 38 cents a share.

Shares were spiking 2.6% to $27.39 in premarket trading Wednesday.

Shares of apparel company

Ralph Lauren

(RL) - Get Free Report

were falling 1.9% to $145.94 after the stock was cut to hold from buy at


Independent oil and natural gas company

SandRidge Energy

(SD) - Get Free Report

agreed to sell certain East Texas natural gas properties to

NFR Energy

for $231 million.

SandRidge plans to use the cash proceeds to fund a portion of its oil-focused drilling program. SandRidge expects the transaction to close in November.

Shares were rising 1.7% to $6.60.

Darden Restaurants

(DRI) - Get Free Report

posted first-quarter earnings of 78 cents a share, in line with analysts estimates.

Shares were falling 1.2% to $46.40.

Family Dollar Stores


is predicting full-year earnings of between $3.50 and $3.75 a share vs. the average analyst estimate of $3.58 a share.

The company forecasts earnings of 65 cents to 73 cents a share in the first quarter vs. the Wall Street consensus target of 66 cents a share.

Family Dollar reported fourth-quarter sales of $2.13 billion, in line with estimates, while profit came in at 66 cents a share vs. the average analyst estimate of 63 cents. Gross profit as a percentage of sales came in at 34% from 34.7% mainly because of stronger sales of lower-margin consumables.

Shares were down 1.2% to $53.52.


(GOOG) - Get Free Report

plans to

build three of its own data centers in Europe

with an investment of more than $200 million.

The stock was rising 0.5% to $542.11.

-- Written by Andrea Tse in New York.

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

Andrea Tse


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