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Pre-market Movers For April 12 (TSCO, WAB, RAD, FAST, ILMN)

Gainers:

Tractor Supply Co. (TSCO) is rising 4 percent to $95.85. The company's net sales for the first quarter improved 22 percent, and topped one billion dollars for the first time in the company's history. In addition, the company raised its financial expectations for 2012.

Westinghouse Air Brake Technologies Corp. (WAB) is rising 7 percent to $76. The company expects first quarter earnings per share above Wall Street view. The company expects its financial performance in 2012 to exceed initial guidance for several reasons.

Decliners:

Rite Aid Corp. (RAD) is down 0.59 percent to $1.69. The company's fourth quarter net loss narrowed from the previous year. Revenues increased 10.7 percent, and were also above consensus.

Fastenal Co. (FAST) is down 1 percent to $49.01. The company's first quarter profit increased 26 percent from the year-ago quarter, but earnings per share were below consensus. Sales rose 20 percent.

Illumina Inc. (ILMN) is falling more than 1 percent to $51.81 amidst the news that Roche Holding AG (RHHBY.PK) announced that its offer price of $51 per share for the company is full, fair and extremely attractive and is more than adequate to form a basis for negotiation.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Facebook Inc. (FB), Wednesday reported a jump in profit for the second quarter, as the social networking giant's bottom line continues to be driven by soaring ad revenues. Both earnings and revenues trumped Wall Street expectations, sending shares up by 6 percent in the extended hours. Menlo Park,... Boeing Co.(BA) reported a loss for the second-quarter 2016 compared to profit in the prior year, reflecting 787 cost reclassification and charges on the 747 program and the KC-46 Tanker program, partially offset by solid execution and higher volume. It cut its profit outlook for fiscal year 2016, while it reaffirmed annual revenue guidance. Automaker Fiat Chrysler Automobiles NV on Wednesday reported a 25 percent increase in profit for the second quarter from last year. However, quarterly net revenues and worldwide shipments declined from last year.
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