Dell Inc. (NASDAQ: DELL) shares gained 0.40% to $13.30 in the pre-market hour after DELL’s stock has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures.
Additionally, Michael Dell is seeking majority control of Dell in a buyout that would combine his 15.7 percent stake in the company with as much as $1 billion of his personal funds, said people familiar with the matter today. Michael Dell may contribute equity financing of $500 million to $1 billion, said the people, who asked not to be identified because the talks are private.
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Toyota Motor Corporation (ADR) (NYSE: TM), this week, reclaimed the title of world's largest auto maker in 2012 from General Motors Co., rebounding from an earthquake that damaged its factories and embarrassing recalls that dinged its reputation. The company sold 9.75 million vehicles last year, as compared with 9.29 million for GM. Toyota was boosted by a 27% sales increase in the U.S., following a down year in 2011 when a powerful earthquake in Japan disrupted production and caused a shortage of vehicles.
Additionally, Rating and Investment Information, Inc. (R&I), on Jan. 25,announced that it has affirmed the rating on Toyota Motor Corp at "AA+". The rating outlook is stable.
Five Below Inc (NASDAQ: FIVE) stock climbed 1.11% to $36.30 in the pre-market hour after the company announced the upsizing and pricing of its secondary offering. The size of the offering has been increased to 11,315,000 shares of common stock at a public offering price of $35.65 per share. Certain selling shareholders have granted the underwriters a 30-day option to purchase an additional 1,697,250 shares of common stock. Five Below will not receive any proceeds from the sale of shares in this offering.
Rockwell Automation (NYSE: ROK) reported first-quarter net income of $161.4 million or $1.14 per share from $183.3 million or $1.27 per share last year. Adjusted profit per share for the quarter was $1.23. First-quarter sales were $1.49 billion, up 1 percent from $1.47 billion last year. Analysts expected the company to report profit of $1.27 per share on revenue of $1.48 billion for the quarter.
Booz Allen Hamilton Holding Corporation (NYSE: BAH) posted third quarter net income of $56.18 million or $0.38 per share from $62.86 million or $0.44 per share in the same period last year. Adjusted earnings for the period were $59.7 million or $0.41 per share. Revenues totaled $1.39 billion, down from $1.44 billion last year. Analysts expected the company to earn $0.38 per share on revenues of $1.43 billion.
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