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

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Gainers:

Tractor Supply Co. (TSCO: Quote) 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: Quote) 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: Quote) 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: Quote) 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: Quote) 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.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The U.K. economy grew at a slower pace in the third quarter in the face of rising uncertainty stemming from global economic conditions, preliminary estimates from the Office for National Statistics Office showed Friday. Gross domestic product climbed 0.7 percent from the second quarter, when it grew 0.9 percent. German consumer climate is set to improve slightly in November, ending the downward trend, as income expectations among households strengthened on the back of the strong labor market situation, survey data revealed Friday.The forward-looking consumer confidence index rose slightly to 8.5 in November from 8.4 in October. Software giant Microsoft Corp. said Thursday after the markets closed that its first quarter profit fell 13% from last year, hurt mainly by integration and restructuring costs even as revenue surged 25% thanks to strong sales of its gadgets and cloud-based products. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue.
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