PulteGroup Inc. (NYSE: PHM) declined 1.33% to $20.77 in the pre-market trading hours. The Company announced fourth quarter results. Net income was $58.7 million or 15 cents per share compared to $13.8 million or 4 cents in the prior year period. Revenue was $1.57 billion versus $1.26 billion in the prior year period. Demand for new houses is rising as inventories of existing properties tighten and mortgage rates hover near record lows.
Potash Corp/Saskatchewan (USA) (NYSE: POT) moved down 3.07% to $41.70 in the pre-market trading hours.The Company announced fourth quarter and year end results. The earnings were $421 million or $0.48 per share compared to $683 million or $0.78 per share in the prior year period. The full year earnings were $2.1 billion or $2.37 per share compared to $3.1 billion or $3.51 per share in 2011.
Rite Aid Corporation (NYSE: RAD) closed at $1.56. The Company reported sales results for January. The same store sales increased 0.3%. January front-end same store sales increased 4.2%. Pharmacy same store sales decreased 1.4%. Prescription count at comparable stores increased 5.0%. Total drugstore sales for the four-week period decreased 0.5% to $1.914 billion.
The Blackstone Group L.P. (NYSE: BX) moved up 3.21% to $18.0 in the pre-market trading hours. The Company reported fourth quarter EPS of $0.59, above the analyst estimate of $0.47. Revenue for the quarter was $1.23 billion versus the consensus estimate of $1.15 billion. The Blackstone Group L.P. is a manager of private capital and provider of financial advisory services. Blackstone is an independent manager of private capital worldwide, with assets under management of $166.2 billion as of December 31, 2011.
Sony Corporation (ADR) (NYSE: SNE) closed at $14.99. Citigroup upgraded the rating on Sony to buy from neutral. Citigroup upgraded Sony on expectations yen weakness will bring strategy changes that will improve earnings in consumer electronics. SONY CORPORATION mainly involves the electronics, game, entertainment and financial operations.
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