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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
Publishing and design software maker Adobe Systems Inc. said Tuesday after the markets closed that its second quarter profit fell 66% from last year, hurt by lower revenue as well as higher costs and expenses. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations and its quarterly revenue was in line with analysts' forecast. Stocks showed a strong upward move over the course of the trading day on Tuesday, adding to the gains posted in the previous session. The rally came even as traders expressed some uncertainty ahead of tomorrow's Federal Reserve announcement. The major averages gave back some ground going into the close but remained firmly in positive territory. In a potential roadblock to comprehensive immigration reform legislation, House Speaker John Boehner, R-Ohio, indicated Tuesday that he would not bring a bill to the floor unless it is supported by a majority of House Republicans.
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