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Pre-market Movers For April 20- MSFT, GE, HON, MCD, UA, SLB, SNDK, KCI, IR, RVBD

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Gainers:

Microsoft Corp. (MSFT: Quote) is gaining more than 3 percent to $32.13. The company's third quarter profit declined from the previous year period, but were above Wall Street view. Revenue rose 6 percent and topped analysts' estimate.

General Electric Co. (GE: Quote) is rising over 1 percent to $19.39. The company's operating earnings improved from the prior year and were above consensus. Quarterly profit attributable to company fell from the year-ago quarter. Consolidated total revenues for the quarter declined 8 percent, but were up 4 percent excluding NBCU revenues.

McDonald's Corp. (MCD: Quote) is up nearly 2 percent to $97. The company's first quarter profit and revenues increased from the year-ago quarter and were in-line with analysts' estimates. The company expects global comparable sales growth for April to be about 4 percent.

Under Armour Inc. (UA: Quote) is rising 0.55 percent to $97.03. The company's first quarter profit and revenues increased from last year and topped analysts' expectations. In addition, the company raised its 2012 forecast.

Schlumberger Ltd. (SLB: Quote) is rising over 3 percent to $72.05. The company's first quarter profit and revenues surged from the previous year period and also were above Wall Street view.

SkyPeople Fruit Juice, Inc. (SPU: Quote) is jumping 23 percent to $1.91 following its reassurance that its cash balances have been independently verified and that it employ a high degree of financial integrity in terms of financial management systems. The company noted that Nasdaq has reviewed the cash balance submitted and has no further comments.

Kimberly Clark Corp. (KCI: Quote) is gaining 2 percent to $76.75. The company's first quarter profit increased 34 percent from the year-ago quarter. Both adjusted earnings per share and revenues were above consensus. In addition, the company reiterated its 2012 adjusted earnings guidance.

Honeywell International Inc. (HON: Quote) is up more than 2 percent to $59.50 as the company's first quarter profit and sales jumped from the year-ago quarter and topped Wall Street view. In addition, the company also lifted its 2012 proforma earnings forecast.

Decliners:

Riverbed Technology, Inc. (RVBD: Quote) is plunging 24 percent to $21.20. The company's first quarter GAAP profit declined sharply from the prior year period, while non-GAAP earnings per share met analysts' estimate. Revenue increased 12 percent, but were below consensus.

SanDisk Corp. (SNDK: Quote) is falling 12 percent to $35.68 as the company's first quarter profit and revenue declined from the year-ago quarter and also were below Wall Street view. The company noted that its first quarter results were adversely impacted by lower-than-expected pricing and demand weakness in certain segments, and also expects similar trends in the second quarter as well.

Ingersoll-Rand PLC (IR: Quote) is falling over 1 percent to $39.50. The company swung to a profit in its first quarter, while revenues declined by 4 percent. The company said it expects continued challenges throughout 2012 from a slow and uneven recovery in some key markets.

Trading halt:

Trading in shares of Connecticut Bank and Trust Co. (CTBC: Quote) was halted.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks continue to show a lack of direction in mid-day trading on Tuesday following the long, holiday weekend. Even with the lackluster performance, the markets are largely holding on to the bulk of their recent gains. After reporting an unexpected drop in U.S. construction spending in the previous month, the Commerce Department released a report on Tuesday showing that construction spending rebounded by more than expected in the month of July. Activity in the U.S. manufacturing sector unexpectedly grew at an accelerated rate in the month of August, according to a report released by the Institute for Supply Management on Tuesday, with the index of activity in the sector climbing to a three-year high.
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