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Target - The retailer reported a January same-store sales increase of 4.3%, more than twice what analysts had estimated.
Macy’s – The retailer says chief stores officer Ron Klein will retire at the end of March. He’ll be replaced by chief marketing officer Peter Sachse. In addition, Macy's January comparable store sales were up 2.4%, below estimate of a 3.5% increase.
Abercrombie & Fitch - The retailer is forecasting fourth quarter profit of $1.10 to $1.15 per share, well below analyst estimates of $1.54. Margin pressures prompted by markdowns get the bulk of the blame.
Ann Inc. - The parent of Ann Taylor is cutting its sales forecast, and says it's "disappointed" with its most recent results. It now sees fiscal Q4 sales of $566 million, compared to analyst estimates of $578 million.
Cigna – The insurance company reported fourth quarter profit of $1.11 per share, eight cents below estimates, and also forecast fiscal 2012 EPS below analyst forecasts.
AstraZeneca – The drug maker will be cutting 7,300 jobs and warned of lower profits as patents on key drugs expire, and governments in Europe and the U.S. put a squeeze on drug prices.
Cardinal Health - The drug wholesaler has raised its 2012 EPS forecast to $3.10 - $3.20 per share, up from its prior $3.04 - $3.19. Current analysts estimates are at $3.19.
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