logo
Share SHARE
FONT-SIZE Plus   Neg

Pre-market Movers For Feb 22 (GRMN, PWR, JNJ, TOL, DLTR, DELL, MGM, VVUS)

Gainers:

Garmin Ltd. (GRMN) is gaining 12 percent to $49.82 as its fourth quarter pro forma earnings per share and net sales were sharply above Wall Street view. In addition, the company guided 2012 results above consensus.

Quanta Services, Inc. (PWR) is rising 1 percent to $22.00. The company's fourth quarter profit jumped from the year-ago quarter. The company guided first quarter results above analysts' estimates.

Johnson & Johnson (JNJ) is up 0.22 percent to $65.18. The company announced that its Chief Executive Officer William Weldon will step down from his post in April. He will be succeeded by vice chairman Alex Gorsky as chief executive officer, while Weldon remains the chairman of the board.

Decliners:

Toll Brothers, Inc. (TOL) is falling 3 percent to $22.97. The company slipped to a loss in its first quarter. Revenues also declined from the year-ago quarter.

Dollar Tree, Inc. (DLTR) is down over 2 percent to $85.93. The company's fourth quarter profit increased from the previous year and consolidated net sales rose nearly 13 percent. Meanwhile, the company expects first quarter results below consensus.

Dell Inc. (DELL) is down over 6 percent to $17.00. The company's fourth quarter profit declined 18 percent and its earnings per share, excluding items, were below analysts' estimate. Additionally, the company expects a 7 percent sequential decline in its first quarter revenues.

MGM Resorts International (MGM) is falling 3 percent to $13.75 despite the company reporting fourth quarter loss that narrowed from the previous year period and a year-over-year increase in its consolidated net revenue.

Trading halt:

Trading in shares of VIVUS, Inc. (VVUS) was halted, pending news.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Netflix Inc. and movie studio Disney are finally taking their deal that was announced in 2012 to the next level. The online movie rental service will become the exclusive U.S. pay-TV home of the latest films from Disney, Marvel, Lucasfilm and Pixar. Abercrombie & Fitch Co. (ANF) reported a GAAP net loss attributable to company of $39.6 million for the first quarter ended April 30, 2016 compared to a loss of $63.2 million, last year. Excluding certain items last year, net loss attributable to Abercrombie & Fitch Co. increased $2.4 million. Net... Dollar General Corp. (DG) reported first-quarter net income of $295 million, or $1.03 per share compared to $253 million, or $0.84 per share, a year ago. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.95 for the quarter. Analysts' estimates typically...
comments powered by Disqus
Follow RTT