Pre-market Movers For June 20 (PG, ADBE, ATU, GEVO, IDIX, VQ)

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6/20/2012 8:47 AM ET

Gainers:

Actuant Corp. (ATU: Quote) is rising more than 2 percent to $28.10. The company's third quarter profit declined from the year-ago period. Consolidated sales rose 9 percent from the year-ago quarter and were above Wall Street view. The company adjusted its full year 2012 outlook and initiated forecast for the full-year 2013.

Gevo, Inc. (GEVO: Quote) is rising 18 percent to $7. The company announced that the U.S. District Court of Delaware denied the motion for preliminary injunction sought by Butamax Advanced Biofuels, LLC.

Venoco, Inc. (VQ) is rising nearly 1 percent to $11.10. The company announced that it has been informed by its chairman and CEO Timothy Marquez about receiving a highly confident letter regarding a portion of the financing necessary to complete the proposed merger between company and an affiliate of Marquez.

Idenix Pharmaceuticals Inc. (IDIX: Quote) is gaining 16 percent to $10.90. The company announced positive results from an ongoing phase IIb study of IDX184 in combination with pegylated interferon and ribavirin.

Decliners:

Procter & Gamble Co. (PG: Quote) is falling 2 percent to $60.95. The company lowered its earnings and sales forecast for the fourth quarter. The company also cautioned that unfavorable currency will also affect its earnings growth for the next fiscal year.

Adobe Systems Inc. (ADBE: Quote) is falling more than 5 percent to $31.10. The company's second quarter profit declined 2.4 percent from the previous year period. The company also provided a weak forecast for its third quarter.

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by RTT Staff Writer

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