First-Hour Service Sector Stock Movers (HD, SBUX, ANF)

The Home Depot, Inc. (NYSE:HD) added 1.31% to $31.80. The company reported fiscal third-quarter net income climbed 21% on 1.4% higher sales. For the quarter ended Oct. 31, Home Depot earned $834 million, or 51 cents a share, compared with $689 million, or 41 cents, in the year-earlier quarter.  

Net sales reached $16.6 billion from $16.36 billion. A survey of analysts by FactSet Research produced consensus estimates of 48 cents of profit on $16.63 billion of sales.

For all of fiscal 2011, Home Depot now expects to earn $1.94 a share from continuing operations as sales rise 2.2%. FactSet's survey is looking for $1.90 a share.

Starbucks Corporation (NASDAQ:SBUX) fell 0.93% to $30.37. The company about doubled its share-buyback authorization, citing a strong balance sheet and operating cash flow. In a late-Monday statement, the company said it added 10 million shares to the 10.1 million remaining on its authorization at the end of its fiscal 2010 ended Oct. 3.

At the fiscal-year end, Starbucks had a weighted-average 764.2 million shares outstanding.

Abercrombie & Fitch Co. (NYSE:ANF) went up 2.60% to $46.51. The company said Tuesday its third-quarter earnings increased by 5.6% to $50 million, or 56 cents a share, from $38.8 million, or 44 cents a share, in the year-ago period. Income from continuing operations rose to 56 cents a share from 55 cents a share.

Sales rose 18% to $886 million. Wall Street analysts expected the retailer to earn 51 cents a share, on revenue of $886 million, according to a survey by FactSet Research.