Pre-market Movers For Aug 21 (LOW, TGT, SPLS, AEO, INCY, QCOR, DMND)

(RTTNews) - Gainers:

Lowe's Companies Inc. (LOW) is gaining 4 percent to $46.11. The company's second quarter profit and sales improved from the year-ago quarter and were above Wall Street view. The company also lifted its fiscal 2013 earnings forecast, which is in line with analysts' estimate.

Incyte Corp. (INCY) is rising 20 percent to $32.33. The company announced top-line results of the Phase II, randomized, double-blind, placebo-controlled RECAP trial of ruxolitinib, its oral JAK1 and JAK2 inhibitor, in combination with capecitabine in patients with recurrent or treatment refractory metastatic pancreatic cancer. The company said results of the RECAP trial provide the first evidence that JAK inhibition is active in this disease.

Questcor Pharmaceuticals, Inc. (QCOR) is up 5 percent to $68.30.

Decliners:

Target Corp. (TGT) is falling over 1 percent to $66.75. The company's second quarter profit declined from the previous year period. Sales improved 4.0 percent from the year-ago quarter. The company said it currently expects adjusted earnings per share to be near the low end of its previous expectation.

Staples, Inc. (SPLS) is falling 10 percent to $15.11. The company's second quarter earnings and sales were lower than the previous year period and were below Street view. The company also lowered its sales and earnings outlook citing weaker than expected second quarter results.

American Eagle Outfitters, Inc. (AEO) is down 7 percent to $15.15. The company's second quarter profit edged up from the prior year period. Total net revenue dropped 2 percent, but came above the consensus estimate. The company said its second quarter results reflected disappointing product execution in women's and that it faced a highly promotional and competitive retail landscape and a decline in traffic, which have continued into the third quarter.

Trading halt:

Trading in shares of Diamond Foods, Inc. (DMND) was halted. The company announced that it has reached a proposed agreement, subject to Court approval, to settle the private securities class action pending against the company and two of its former officers.