Target, Dell, Amazon rise premarket; Five Below falls

Target, Dell, Amazon Rise Premarket

Target (NYSE:TGT) shares rose 1.5% in premarket trading Thursday after the retailer reported better-than-expected quarterly results. Target said its comparable sales rose 2.2% in the fourth quarter, above the 1.8% increase that analysts had forecast. The company also raised its dividend by 20%.

Dell Technologies (NYSE:DELL) shares gained 1.2% after the computer maker reported a smaller-than-expected decline in revenue in its fiscal fourth quarter. Dell’s revenue fell 6% to $24.7 billion, but that was better than the 8.1% decline that analysts had expected. The company also reported a narrower-than-expected loss per share.

Amazon (NASDAQ:AMZN) shares edged up 0.5% premarket after the e-commerce giant announced a new partnership with Grubhub. Under the deal, Amazon Prime members will be able to get a free one-year Grubhub+ membership, which includes unlimited free delivery on food orders.

Five Below Falls Premarket

Five Below (NASDAQ:FIVE) shares fell 2.5% in premarket trading after the discount retailer reported disappointing quarterly results. Five Below said its comparable sales fell 0.8% in the fourth quarter, missing analysts’ estimates for a 1.1% increase. The company also reported a wider-than-expected loss per share.