Pre-market Movers For Aug 20 (BBY, JCP, HD, COCO, URBN, DKS, Z)

(RTTNews) - Gainers:

Best Buy Co., Inc. (BBY) is jumping 13 percent to $34.69. The company's second quarter profit jumped from the previous year period. Revenue improved from the year-ago quarter and topped Wall Street view.

J. C. Penney Company, Inc. (JCP) is rising over 2 percent to $13.57. The company's net loss widened from the previous year period. Net sales for the quarter declined from the year-ago quarter and missed the consensus estimate. Comparable store sales declined 11.9 percent and were negatively impacted by its failed prior merchandising and promotional strategies, which resulted in unusually high markdowns and clearance levels in the second quarter. Meanwhile, the company noted that its sales results improved sequentially each month within the second quarter, a trend which it expects to continue through the back half of the year.

Home Depot, Inc. (HD) is up 3 percent to $77.78. The company's second quarter profit and sales were higher than the previous year period and were above Street view. The company also raised its fiscal 2013 guidance.

Corinthian Colleges Inc. (COCO) is rising 11 percent to $2.40. The company disclosed that it received a letter from the U.S. Department of Education regarding its review of composite score for the fiscal years ended June 30, 2011 and June 30, 2012. The company said that the ED has determined the company's composite scores for fiscal 2011 and fiscal 2012 to be 0.9 and 1.5, respectively, and that the company will not be required to post a letter of credit.

Urban Outfitters Inc. (URBN) is gaining 10 percent to $43.80 following the release of its quarterly results.

Decliners:

Dick's Sporting Goods Inc. (DKS) is sliding 4 percent to $48.40. The company's second quarter profit improved from the year-ago quarter, while its adjusted earnings per share missed analysts' estimate. Net sales increased 6.6 percent, but missed the consensus estimate. The company said its second quarter results were below its guidance as a sluggish consumer environment along with higher levels of precipitation and cooler temperatures contributed to a decrease in traffic, resulting in lower than expected same store sales.

Zillow, Inc. (Z) is down 4 percent to $81.05 following the news about public offering of 5.02 million shares of Class A common stock at a price of $82.00 per share.