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Pre-market Movers For August 3 (PG, TM, LNKD, BA, KCG, BODY, ZIP)

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8/3/2012 8:50 AM ET

Gainers:

Procter & Gamble Co. (PG: Quote) is rising over 1 percent to $ 64.48. The company's forth quarter profit increased from the same period prior year. Net sales declined slightly from the year-ago quarter. Meanwhile, the company maintained its fiscal 2013 core earnings per share forecast.The company said it sees significant opportunities for top- and bottom-line growth, despite a difficult macro environment.

Toyota Motor Corp. (TM: Quote) is rising 4 percent to $80.50. The company's first quarter profit jumped from the year-ago period. The company backed its net income and revenue outlook for fiscal 2013 and raised its vehicles sales view.

Linkedin Corp. (LNKD: Quote) is up 10 percent to $102.70. The company's second quarter profit declined from the year-ago quarter, while its non-GAAP earnings per share matched Wall Street view. Revenue soared 89 percent and were above the consensus estimate. The company also raised its revenue and adjusted EBITDA guidance for full-year 2012.

Boeing Co. (BA: Quote) is rising more than 1 percent to $73.24. SilkAir, the regional wing of Singapore Airlines, has signed a letter of intent to buy up to 68 new aircraft from Boeing. The order will comprise firm orders for 54 aircraft and purchase rights for another 14. Based on current Boeing list prices, the firm-ordered aircraft are valued at $4.9 billion.

Knight Capital Group Inc. (KCG: Quote) is rising 7 percent to $2.78 amidst reports that the company is seeking an investment or a buyer, after plunging in yesterday's session following its update on the August 1, 2012 disruption to routing in NYSE-listed securities. The company said it has traded out of its entire erroneous trade position, which has resulted in a realized pre-tax loss of about $440 million.

Decliners:

Body Central Corp. (BODY: Quote) is down 19 percent to $7.75. The company guided its third quarter results below analysts' expectations, while it lowered its full-year guidance. However, the company's second quarter profit and revenues increased from the year-ago quarter and were above Wall Street view.

Zipcar Inc. (ZIP: Quote) is plunging 32 percent to $7.26. The company's second quarter net loss narrowed from the year-ago quarter. Revenue increased 15 percent, but missed the consensus estimate. In addition, the company anticipates third quarter and 2012 revenue below analysts' expectation.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
There was a mixed performance on Wall Street on Friday. Shares suffered an early decline, as investors continued to express worries about the Federal Reserve. A recovery through the rest of the day allowed the Dow to edge into positive territory by the close. The Nasdaq and S&P 500 posted fractional losses. Stocks have shown a notable move to the downside in early trading on Friday amid lingering concerns about the outlook for the Federal Reserve's asset purchase program. The major averages have slid firmly into negative territory, adding to the modest losses posted in the previous session. The major averages are currently posting notable losses, near their lows for the young session. After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March.
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