Shares of Walgreen Co WAG dropped about 5% after the company reported its Q2 net earnings at $739 million, or $0.80 per share, compared with $669 million, or $0.68 per share, in the year-earlier period. The company's Q2 sales increased 8.9% to $18.5 billion. However, analysts were expecting earnings at $0.80 per share on revenue of $18.39 billion.
Shares of Dollar General Corp DG surged more than 5% after the company reported upbeat Q4 earnings. The company's earnings came in at $222.5 million, or $0.64 per share, versus $87.2 million, or $0.26 per share, in the year-earlier period. DG's sales surged to $3.5 billion from $3.2 billion. The company's adjusted earnings came in at $0.65 per share. However, analysts were expecting earnings of $0.59 per share. DG projects 2011 earnings in the range of $2.20 to $2.30 per share, versus analysts' estimates of $2.15 per share.
Shares of Dollar Thrifty Automotive Group Inc DTG gained about 3.5% after the company raised its 2011 forecast for adjusted earnings before interest, taxes, depreciation and amortization (EBITDA). The company projects adjusted 2011 EBITDA within $235 million to $260 million, a rise of $60 million from its earlier forecast range.
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