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Pre-market Movers For Feb 29 (VRSK, LIZ, FSLR, TTEC, PANL, SODA, CEDC, NKTR)

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Gainers:

Verisk Analytics, Inc. (VRSK: Quote) is up 9 percent to $46.00. The company's fourth quarter profit rose nearly 22 percent from the year-ago quarter. Total revenue increased 19.9 percent for the fourth quarter.

Liz Claiborne, Inc. (LIZ: Quote) is up over 2 percent to $10.65. The company swung to a profit in its fourth quarter. Net sales declined 2.6 percent. The company reaffirmed its 2012 adjusted EBITDA guidance of $125 million to $140 million, excluding foreign currency transaction gains or losses.

Decliners:

First Solar, Inc. (FSLR: Quote) is falling 6 percent to $34.20 as the company has slipped to a loss in its fourth quarter. The company also lowered its fiscal 2012 net sales guidance, while reiterating earnings per share forecast.

TeleTech Holdings, Inc. (TTEC: Quote) is down 12 percent to $15.55 as the company's fourth quarter earnings and revenue were below Wall Street view. The company also guided 2012 revenue below consensus.

Universal Display Corp. (PANL: Quote) is down nearly 6 percent to $43.06 as the company forecast full year 2012 revenue below analysts' estimate. However, the company reported a profit for its fourth quarter, with both earnings per share and revenues coming in above consensus estimates.

SodaStream International Ltd. (SODA: Quote) is falling 12 percent to $41.68. The company's fourth quarter profit and revenue improved from the year-ago quarter. The company expects full year 2012 revenue to increase approximately 28 percent and net income to increase by approximately 42 percent.

Central European Distribution Corp. (CEDC: Quote) is down 29 percent to $3.85. The company's fourth quarter loss widened from the previous year period. Comparable earnings per share and net sales were sharply below consensus.

Trading halt:

Trading in shares of Nektar Therapeutics (NKTR: Quote) was halted. The company announced agreement to sell CIMZIA and MIRCERA royalties to Royalty Pharma for $124 Million. The company is slated to report its fourth quarter results today after the market close.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Apple's iPhone-based Apple Pay system is gaining momentum nationwide with a host of new banks and retailers signing on. The system allows users to link a credit card directly to their device for payments and Apple now says they have deals with banks that account for 90 percent of the debit card transactions in the US. The current drop in fuel prices could lead to a major sales dip for electric automaker Tesla, according to some industry experts. The Elon Musk led manufacturer had predicted sales of over 500,000 new vehicles by 2020, but now that number could fall by as much as 40 percent. Package delivery giant FedEx Corp. reported Wednesday a profit for the second quarter that grew 23 percent from last year, reflecting improved operating margins and revenue growth across operating segments. However, both earnings per share and quarterly revenues missed analysts' expectations.
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