Pre-market Movers For June 27 (AAPL, MON, GIS, LEN, AMRN, OMER, ORLY, BBY)

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6/27/2012 8:43 AM ET

Gainers:

Apple Inc. (AAPL: Quote) is rising 0.42 percent to $574.40 amidst the news that the U.S. District Judge Lucy Koh has granted the company a preliminary injunction preventing Samsung Electronics (SSNLF) from selling its Galaxy Tab 10.1 in the U.S., pending further review.

Monsanto Co. (MON: Quote) is rising nearly 2 percent to $79.39. The company's third quarter profit improved from the prior year period. Net sales increased 17 percent and topped the consensus estimate. The company also confirmed its 2012 earnings per share guidance.

Lennar Corp. (LEN: Quote) is up over 4 percent to $28.60. The company's second quarter profit jumped from the previous year period. Total revenues also surged from the year-ago quarter and were above above the consensus estimate.

Amarin Corporation plc (AMRN: Quote) is rising nearly 11 percent to $14.59.

Decliners:

General Mills, Inc. (GIS: Quote) is down 0.39 percent to $38.00. The company's fourth quarter profit and sales improved from the year-ago quarter. The company expects its fiscal 2013 adjusted earnings per share below Wall Street view and its net sales to grow at a mid-single-digit rate.

Omeros Corp. (OMER: Quote) is falling 16 percent to $11.10 based on the news that it plans to offer, subject to market and other conditions, shares of its common stock in a registered public offering.

O'Reilly Automotive Inc. (ORLY: Quote) is down 14 percent to $82.95. The company lowered its second quarter comparable store sales guidance and expects earnings per share to be in the lower end of the previously announced range. The company noted that its comparable store sales in June were below its expectations.

Best Buy Co. Inc. (BBY: Quote) is down 1 percent to $19.16 after rising sharply in the previous session on buyout rumors. The company's founder Richard Schulze is reportedly considering taking the company private and is said to have hired Credit Suisse Group AG (CS) as adviser.

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by RTT Staff Writer

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