Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Pre-market Movers For March 29 (BBY, LORL, PSS, RHT, ILMN, SHLD, MAPP, RIMM)

RELATED NEWS
Trade BBY now with 

Gainers:

Best Buy Co., Inc. (BBY: Quote) is rising 4 percent to $27.60. The company has slipped to a loss in its fourth quarter, but adjusted earnings per share were above Wall Street view.. Adjusted revenue rose 3 percent, but was below consensus. The company also announced that it is taking significant actions to lower its cost base. Comparable store sales for the quarter declined 2.4 percent.

Loral Space & Communications Ltd. (LORL: Quote) is rising over 4 percent to $83.00. The company has declared a special dividend of $13.60 per share for an aggregate dividend of up to $421 million.

Collective Brands Inc. (PSS: Quote) is gaining 14 percent to $21.00. The company's fourth quarter loss widened from the previous year, but was lesser than what analysts' had estimated. Net sales were above Wall Street estimate.

Red Hat, Inc. (RHT: Quote) is gaining over 9 percent to $56.25. The company's fourth quarter profit increased 7 percent from the prior year quarter. Both earnings per share, excluding items, and revenue were above analysts' expectations.

Illumina, Inc. (ILMN: Quote) is gaining over 2 percent to $51.15. Roche Holding AG (RHHBY.PK) boosted its offer price for the company to $51 per share. Roche's new offer represents a 15 percent premium to initial offer of $44.50 a share on January 25. Illumina, which repeatedly rejected Roche's offer, urged its stockholders not to take any action until it reviews the revised offer.

Sears Holdings Corp. (SHLD: Quote) is rising 5 percent to $72.62.

Decliners:

MAP Pharmaceuticals Inc. (MAPP: Quote) is falling 4 percent to $15.51. The company's fourth quarter net loss narrowed from the last year, but was bigger than what analysts' had expected.

Research In Motion Ltd. (RIMM: Quote) is falling over 1 percent to $13.46. The company is slated to report its fourth quarter results today.

Register
To receive FREE breaking news email alerts for Best Buy Co Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The Swiss National Bank on Thursday reaffirmed its currency ceiling and interest rate unchanged, as expected by economists, and expressed willingness to do more to defend the franc. The central bank maintained the minimum exchange rate of CHF 1.20 per euro and left the target range for the three-month Libor unchanged at 0.0-0.25 percent. The South Korean government said Thursday it will increase the budget spending next year and run a wider fiscal deficit than expected to bolster economic growth that faces challenges from slow global recovery and weak domestic demand. Government spending will rise by 5.7 percent to KRW 376 trillion the next year, the finance ministry said in its budget proposals. Stocks saw some volatility following the release of the Federal Reserve's monetary policy announcement on Wednesday but managed to end the day modestly higher. With the upward move, the Dow reached a new record closing high.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.