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Earnings News

Pre-market Movers For Feb 10 (LNKD, IPGP, TRLG, INTC, EXEL, NGSX, NUAN, FSLR)

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Gainers:

LinkedIn Corp. (LNKD) is gaining 10 percent to $83.78. The company's fourth quarter profit surged from the previous year period. Non-GAAP earnings per share were above Wall Street view. Revenue jumped 105 percent, and were above consensus. The company guided full year of 2012 revenue above consensus.

IPG Photonics Corp. (IPGP) is up over 3 percent to $55.51. The company's fourth quarter profit rose 15 percent from the previous year period. Revenue improved 22 percent. However, both earnings per share and revenue were below consensus.

Decliners:

True Religion Apparel, Inc. (TRLG) is falling 25 percent to $27.50 as its fourth quarter adjusted earnings per share and revenue were below analysts' expectations. The company profit declined from the year-ago quarter. The company also guided 2012 results that were sharply below Wall Street view.

Intel Corp. (INTC) is down 0.56 percent to $26.71 amidst the news that the New York Attorney General have agreed to terminate the lawsuit alleging violation of U.S. and state antitrust laws that was filed in November 2009. The company has agreed to pay $6.5 million that is intended to cover some of the costs incurred by the New York Attorney General in the litigation.

Exelixis, Inc. (EXEL) is down nearly 5 percent to $5.40 based on the news that it has priced its underwritten public offering of 11.0 million shares of newly issued common stock at $5.50 per share.

NeurogesX, Inc. (NGSX) is plunging 37 percent to $0.500 based on the news that the Anesthetic and Analgesic Drug Products Advisory Committee did not recommend FDA approval of a new indication for Qutenza (Capsaicin) 8% patch for the management of neuropathic pain related to HIV associated peripheral neuropathy.

Nuance Communications, Inc.(NUAN) is declining 10 percent to $27.30. The company's first quarter non-GAAP earnings per share and revenue were below consensus. On a GAAP basis, the company swung to a profit in the quarter.

First Solar, Inc. (FSLR) is falling 4 percent to $47.00.

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