Staples' ($14.87, -$1.13, -7.06%) fiscal fourth-quarter earnings rose 3.2% as the office-supply giant booked modest sales gains in its North American retail and delivery businesses and held margins steady.
DreamWorks' ($17.68, -$1.97, -10.03%) fourth-quarter earnings dropped 72% as DVD sales of the studio's hit "Kung Fu Panda 2" movie failed to match the revenue generated from a more-crowded film slate a year ago. Shares were off on the weaker-than-expected profit.
While many apparel companies didn't experience a robust holiday season, things were better at Carter's Inc. ($47.93, +$4.24, +9.70%) as the children's-focused company easily beat its October forecast and analysts' latest views. Core per-share earnings surprisingly rose as weaker gross margins were offset by overhead rising a good bit less than revenue did. Same-store sales grew about 7% for both the namesake and OshKosh chains, and Carter's expects solid overall top-line gains for this year.
First Solar (FSLR, $32.80, -$3.60, -9.90%) swung to a fourth-quarter loss as write-downs and other charges weighed on U.S. solar-panel maker's bottom line. The company also cut its 2012 top-line guidance and said it will scale back manufacturing and halt plans for a new factory in Vietnam to match supply with weaker-than-expected demand.
The U.S. Department of Transportation is delaying a rule that would require cars sold in the U.S. to have rear-view cameras. The rule now won't be issued until the end of the year. Shares of Gentex Corp. (GNTX, $24.11, -$3.53, -12.77%), which designs, makes and sells interior rearview cameras, among other products for automobiles, tumbled on the news.
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