Before The Bell

Pre-market Movers For Feb 8 (YHOO, TWX, BWLD, S, GRPN, RMBS, SGI, CTSH, IR)

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2/8/2012 8:41 AM ET
(RTTNews) - Gainers:

Yahoo! Inc. (YHOO: News ) is up nearly 1 percent to $15.98. The company announced several changes to its board. The company said Chairman Roy Bostock, Joshi, Kern and Wilson have volunteered not to stand for re-election at the next shareholders meeting. The company said it has elected independent directors, Alfred Amoroso and Maynard Webb, and added that it continues its search for additional independent directors.

Time Warner Inc. (TWX: News ) is up 3 percent to $39.22 as its fourth quarter adjusted earnings per share and revenues were above Wall Street view. The company's profit increased from the year-ago quarter. The company announced a new $4 billion stock repurchase authorization and also a 11 percent boost in quarterly dividend.

Buffalo Wild Wings (BWLD: News ) is surging 15 percent to $81. The company's fourth quarter profit rose 34.0 percent from the year-ago quarter, while total revenue rose 34.5 percent. Both earnings per share and revenue were above consensus. Company-owned restaurant sales grew 36.4 percent. The company expects to achieve 20 percent net earnings growth for 2012.

Sprint Nextel Corp. (S: News ) is gaining more than 2 percent to $2.51. The company's fourth quarter net loss widened from the previous year. Net operating revenues increased from the year-ago quarter and were above analysts' estimate.

Groupon Inc. (GRPN: News ) is rising more than 1 percent to $24.57. The company is scheduled to report its fourth quarter 2011 financial results after the markets closed today.

Rambus, Inc. (RMBS: News ) is up 10 percent to $8.31 based on the news that it has signed a patent license agreement with NVIDIA (NVDA). The agreement covers the use of Rambus patented innovations in a broad range of integrated circuit products offered by NVIDIA. In addition, the two companies have settled all outstanding claims, including resolution of past use of Rambus' patented innovations.

Decliners:

Silicon Graphics International (SGI: News ) is plunging 22 percent to $11.25. The company's second quarter non-GAAP earnings per share fell sharply from the year-ago quarter and were below analysts' estimate. On a GAAP basis, the company slipped to a loss in the quarter. The company also lowered its non-GAAP earnings per share forecast for fiscal 2012, which is well below consensus.

Cognizant Technology Solutions Corp. (CTSH: News ) is falling 3 percent to $69.75. The company's fourth quarter profit and revenue improved from the prior year. Earnings per share were above Wall Street view, while revenue fell shy of estimates. The company guided first quarter revenues below consensus.