FONT-SIZE Plus   Neg

Pre-market Movers For April 13 (GOOG, CSTR, SAP, JPM, WFC, INFY, CTSH, MU)


Google Inc. (GOOG) is up 0.52 percent to $654.40. The company's first quarter profit rose 61 percent from the year-ago quarter. Earnings per share, excluding items, were above Wall Street view. In addition, the company plans to create a new class of non-voting capital stock, which will be distributed through a stock dividend to all existing shareholders.

Coinstar, Inc. (CSTR) is gaining 12 percent to $69.00. The company has raised its forecast for core earnings from continuing operations and revenue for the first quarter, which is above consensus. Coinstar said increased revenue guidance was driven mainly by stronger than anticipated consumer demand at Redbox throughout the quarter. The company also raised its guidance for the full year 2012.

SAP AG (SAP) is up 2 percent to $67.14. The company reported a 11 percent growth in its first quarter preliminary IFRS total revenue. The company also reiterated its full year 2012 outlook. The company said it had sales execution issues in North America which impacted first quarter performance. However, the company added that these issues have been resolved and the necessary steps have been taken to ensure that North America is back on track.


JPMorgan Chase & Co. (JPM) is declining 1 percent to $44.40. The company's first quarter profit declined year-over-year, although net revenues increased and came in above the consensus estimate. The company also noted that results for the quarter reflected positive credit trends for its consumer real estate and credit card portfolios.

Wells Fargo & Co. (WFC) is falling 2 percent to $33.37. The company's first quarter profit and revenue improved from the previous year, and were also above Wall Street view.

Indian software services firm Infosys Ltd. (INFY) is sliding 14 percent to $48.83 as the company issued weak full year guidance, warning of challenges ahead amid a tough economy. The company termed that the fourth quarter as "a very difficult quarter".

Cognizant Technology Solutions Corp. (CTSH) is falling more than 3 percent to $73.88.

Micron Technology Inc. (MU) is down 2 percent to $7.00. The company announced pricing of an offering of $480 million of its 2.375 percent convertible senior notes due 2032 and $390 million of its 3.125 percent convertible senior notes due 2032.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Railroad operator CSX Corp. (CSX), Tuesday reported a slight drop in profit for the third quarter, as revenues dropped 9 percent hurt largely by lower coal freight revenues. Nevertheless, earnings for the quarter trumped Wall Street estimates, while revenues fell short. Jacksonville, Florida-based... Intel Corp. (INTC), the world's biggest chipmaker, Tuesday reported a drop in profit for the third quarter, as personal computer sales continue to decline. Intel generates a chunk of its revenues by selling chips for computers, however, the company has been negatively impacted by slowing demand for... Earnings at banking giant JP Morgan Chase (JPM) jumped more than 20% compared to last year, despite a decline in revenue. The firm's bottom line received a boost from about $2 billion in tax benefits.
comments powered by Disqus
Trade GOOG now with 
Follow RTT