Premarket Movers: Home Depot, Lowe's decline

Shares of home improvement retailers The Home Depot Inc. and Lowe's Cos. fell in premarket trading Tuesday, as analysts said the companies' quarterly results show the housing slowdown is not over.

Home Depot reported its fiscal first-quarter results Tuesday, a day after Lowe's reported an 18-percent drop in its quarterly profit.

Both companies' stocks traded lower in premarket action, with Home Depot losing 2.6 percent to $28.10 and Lowe's dropping 26 cents to $23.99.

Staples Inc. posted a slim 1.5 percent increase in its first-quarter profit, after posting small declines the previous two quarters amid slow U.S. retail sales of office products. Shares rose 33 cents to $23.90 after closing at $23.57 in the prior day's session.

Shares of Netflix Inc. rose 5.6 percent to $32.40 after the online movie rental company unveiled a movie-streaming device and an analyst boosted his rating and price target.

Shares of The9 Ltd. rallied, adding 9.7 percent to $28.28, after the Chinese online-game operator posted a 36 percent jump in first-quarter profit and an analyst raised his price target.