Updated from 5:41 a.m. EST
Costco Wholesale COST , the warehouse retailer, plans to pay a special dividend of $7 a share, or about $3 billion.Costco also said Wednesday that first-quarter sales jumped 10%.Costco shares rose 4.64% to $100.99 in premarket trading.
Retailer Express EXPR posted third-quarter earnings of $17.4 million, or 20 cents a share, down from year-earlier earnings of $32.7 million, or 37 cents.Analysts were expecting profit of 17 cents a share.The stock was rising 17.8% in premarket action to $15.30.
American Eagle Outfitters AEO is expected by analysts Wednesday to post third-quarter profit of 39 cents a share in the October-ended period on revenue of $873.3 million. Shares of the Pittsburgh-based teen apparel and accessories retailer have risen more than 45% in the past year.4 Under-$10 Stocks Making Large Upside Moves
Earnings are also expected Wednesday from Coldwater Creek CWTR , Express EXPR , Fresh Market TFM , Guess? GES , Jos. A. Bank Clothiers JOSB , La-Z-Boy LZB , Movado Group MOV , New York & Co. NWY , Pall PLL and TiVo TIVO .
Virtu Financial has emerged as the early front-runner to buy Knight Capital Group KCG in a deal expected to value the brokerage firm at more than $1 billion, The Wall Street Journal reported, citing people briefed about the continuing sale talks.Knight's board is expected to get takeover offers as early as this week from Virtu and Getco, two high-speed trading firms.Knight shares rose 6.1% to $3.15 in premarket trading.
Apple AAPL reportedly fired William Richardson, the tech giant's senior director of iOS services, over the failure of its new Maps app. Richardson was fired before Thanksgiving.The stock fell 0.5% to $581.75 in premarket trading Wednesday.Apple Dismissal: Tech News Round-up
Groupon GRPN co-founder Andrew Mason could be on his way out as CEO, according to a report from AllThingsD, which cited unnamed sources. .Shares of the daily deals site rose 3.8% to $4.11 in premarket trading.
PVH PVH , the owner of brands such as Calvin Klein and Tommy Hilfiger, said Tuesday that fiscal third-quarter profit rose 47%.
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.
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