logo
Share SHARE
FONT-SIZE Plus   Neg

Pre-market Movers For March 23 (NKE, KBH, PHM, ZNGA, KORS, LAYN, GOLD, PCTI)

Gainers:

NIKE, Inc. (NKE) is up 0.49 percent to $111.53. The company's third quarter profit increased 7 percent and earnings per share were above Wall Street view. Revenues for the third quarter rose 15 percent.

Decliners:

KB Home (KBH) is falling 11 percent to $9.97. The company's first quarter loss narrowed from the previous year, but was notably wider than what analysts' had estimated. Revenues rose 29 percent, but were below Wall Street view.

PulteGroup, Inc. (PHM) is down nearly 5 percent to $8.74. The Labor Department reportedly has stepped up pressure on the company amid an investigation into the housing industry's pay practices.

Zynga Inc. (ZNGA) is falling 3 percent to $13.35. The company disclosed that certain stockholders are offering 42.97 million shares of Class A common stock.

Michael Kors Holdings (KORS) is declining 4 percent to $46.90. The company announced the pricing of the secondary offering of 25 million ordinary shares by certain selling shareholders at $47.00 per share.

Layne Christensen Co. (LAYN) is falling 14 percent to $19.30. Including an impairment charge, the company expects a loss for its fourth quarter. In addition, the company guided fiscal 2012 earnings per share below consensus.

Randgold Resources Limited (GOLD) is declining nearly 5 percent to $86.31.

Trading halt:

Trading in shares of PC-Tel, Inc. (PCTI) was halted. The company lowered its first quarter revenue guidance, citing carrier spending delays, which pulled down order flow for its scanning receiver product line to approximately 60 percent of the historical run rate.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
A California man has filed a lawsuit against McDonald's alleging that the fast food giant is defrauding customers by cramming its mozzarella sticks with filler instead of real cheese. Chris Howe is seeking at least $5 million in damages on behalf of consumers in 42 states and the District of Columbia. The... Jeep, the 4x4 vehicles, which has developed a strong bond with its masters, is aggressively on an expansion mode in its 75th anniversary year. Its fans have always been in love with the famous tag "Go Anywhere, Do Anything." Meat products maker Tyson Foods Inc. (TSN) reported a profit for the first-quarter that increased 49% from last year. It raised its profit outlook for fiscal year 2016 ,but it cut its annual sales guidance.
comments powered by Disqus
RELATED NEWS
Trade NKE now with 
Follow RTT