logo
Share SHARE
FONT-SIZE Plus   Neg

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

Gainers:

Verisk Analytics, Inc. (VRSK) 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) 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) 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) 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) 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) 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) 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) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
RELATED NEWS
Trade FSLR now with 
Follow RTT