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Pre-market Movers For Jan 19 (BAC, MS, UNH, EBAY, JCI, BKU, EK, BLK)

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1/19/2012 8:30 AM ET

Gainers:

Bank of America Corp. (BAC: Quote) is rising over 6 percent to $7.24 as it swung to a profit in its fourth quarter. Total revenue, net of interest expense, increased from the year-ago quarter. The company said it significantly increased capital and liquidity during the quarter.

Morgan Stanley (MS: Quote) is rising 5 percent to $18.24. The company slipped to a loss in its fourth quarter, compared to a profit in the year-ago quarter. On an adjusted basis, the loss was narrower than estimates. Revenues also exceeded expectations. The company said it is well positioned to deliver improved returns to shareholders in 2012 and beyond.

UnitedHealth Group Inc. (UNH: Quote) is gaining 1 percent to $54.54 as the company's fourth quarter profit improved from the prior year period. The company said that the quarter was highlighted by strong enrollment and revenue growth in each of its UnitedHealthcare's benefits businesses and strong revenue growth at all Optum business units.

eBay Inc. (EBAY: Quote) is up over 3 percent to $31.28. The company's fourth quarter profit surged from the prior year, primarily reflecting a gain on the sale of its investment in Skype. Non-GAAP earnings per share and net revenues were above Wall Street estimates. However, the company expects first quarter non-GAAP earnings per share and net revenues below consensus.

F5 Networks, Inc. (FFIV) is gaining over 8 percent to $117.55. The company's first quarter profit rose from the year-ago quarter. Revenue rose 19.9 percent. Both earnings per share and revenue were above Wall Street view.

Decliners:

Johnson Controls, Inc. (JCI: Quote) is falling over 4 percent to $33.99 as the company's first quarter earnings and net sales were below Wall Street view. The company forecast second quarter earnings below consensus and also lowered its fiscal 2012 earnings guidance range.

BankUnited, Inc. (BKU: Quote) is plunging 12 percent to $22.00 as the company scraped its sale process and stated that it will continue as an independent institution.

Trading in shares of Eastman Kodak Co. (EK: Quote) was halted. The company has filed for bankruptcy protection for business reorganization. The company has obtained a $950 million loan from Citigroup Inc. (C) and expects to emerge from the restructuring in 2013.

BlackRock, Inc. (BLK: Quote) is falling nearly 1 percent to $186.05. The company's fourth quarter profit and revenues declined from then last year period. Adjusted earnings per share were above analysts' estimate.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. The world's largest specialty coffee retailer also raised its full year earnings outlook. Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
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