Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Pre-market Movers For May 2 (CMCSA, MA, CVS, CHRS, TWX, SMSC, IACI, TRIP, CBS)

RELATED NEWS
Trade TWX now with 

Gainers:

CVS Caremark Corp. (CVS: Quote) is rising nearly 3 percent to $45.99. The company's first quarter profit increased from the previous year period. Net revenues improved nearly 20 percent. The company also raised its earnings guidance for the full year 2012.

Charming Shoppes Inc. (CHRS: Quote) is jumping 24 percent to $7.31 as Ascena Retail Group Inc. (ASNA) has agreed to acquire the company for $7.35 per share. ASNA is up 13 percent to $21.60.

IAC/InterActiveCorp. (IACI: Quote) is up more than 2 percent to $49.88. The company's first quarter profit surged 91 percent from the comparable period a year-ago. Adjusted earnings per share topped Wall Street view. Revenue improved 39 percent and was above consensus.

Standard Microsystems Corp. (SMSC: Quote) is surging 38 percent to $36.28. Microchip Technology Inc. (MCHP) has agreed to acquire the company for $37.00 per share in cash, which represents a total equity value of about $939 million.

Tripadvisor Inc. (TRIP: Quote) is gaining 15 percent to $42.20. The company's first quarter profit increased from the prior year period and was above Wall Street view. Revenue improved 23 percent and was above consensus.

CBS Corp. (CBS: Quote) is up more than 3 percent to $58.30. The company's first quarter profit jumped from the year-ago period and was above Wall Street view. Revenues advanced 12 percent, and were above the consensus estimate.

Decliners:

Time Warner Inc. (TWX: Quote) is down 0.21 percent to $37.84.. The company's first quarter profit declined from the year-ago period, but was above analysts' estimate. Revenues increased 4 percent, and topped the consensus estimate.

Comcast Corp. (CMCSA: Quote) is down over 3 percent to $29.50. The company's first quarter profit and revenue increased from the year-ago quarter and also were above Wall Street view.

Mastercard Inc. (MA: Quote) is falling 3 percent to $441.43. The company's first quarter profit improved from the year-ago quarter and was above Wall Street view. Net revenue advanced 17 percent and also topped the consensus estimate. Worldwide purchase volume during the quarter rose 17 percent on a local currency basis.

Register
To receive FREE breaking news email alerts for Time Warner Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
U.S. astronauts once again will travel to and from the International Space Station from the United States on American spacecraft under groundbreaking contracts NASA announced Tuesday. The US space agency unveiled its selection of Boeing and SpaceX to transport U.S. crews to and from the space station using their CST-100 and Crew Dragon spacecraft, respectively. "From day one, the Obama Administra China's central bank is providing stimulus to the country's largest lenders to boost liquidity amid slowing growth, media reports said Wednesday, citing government and banking sources. The People's Bank of China is injecting CNY 500 billion or $81 billion for a three-month period into the top five... Europe's passenger car registrations continued to rise in August, pursuing the upward trend commenced twelve months ago, the European Automobile Manufacturers Association reported Wednesday. Car sales increased 2.1 percent in August and 5.6 percent in July. Overall, 688,464 new cars were registered...
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.