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Pre-market Movers For October 22 (CAT, YHOO, ACOM, PHG, BTU, ASML, BMC, VFC)

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Gainers:

Ancestry.com Inc. (ACOM) is rising 8 percent to $31.46 as the company agreed to be acquired by Permira funds and co-investors for $32.00 per share in cash in a transaction valued at $1.6 billion. Tim Sullivan, the company's President and chief executive, and Howard Hochhauser, its finance chief and operating chief, will maintain a majority of their equity stakes and also Spectrum Equity will remain an investor in the company.

Philips (PHG) is up 6 percent to $26.07. The company's third quarter profit jumped from the year-ago period. Sales increased 14 percent. Comparable sales grew 5 percent, with all three sectors contributing to growth.

Peabody Energy Corp. (BTU) is up nearly 6 percent to $27.40. The company's third quarter profit declined from the previous year period. Revenues improved from the year-ago quarter, while sales volumes went up 6 percent.

Yahoo! Inc. (YHOO) is up 0.57 percent to $15.93.

BMC Software, Inc. (BMC) is gaining nearly 4 percent to $41.84.

ASML Holding NV (ASML) is rising more than 3 percent to $54.02.

Decliners:

Caterpillar Inc. (CAT) is falling over 1 percent to $82.88. The company's third quarter profit improved from the year-ago period. Sales and revenues improved 5 percent, but missed the consensus estimate. The company also lowered its revenue and earnings forecast.

V.F. Corp. (VFC) is down 5 percent to $159.10. The company's third quarter profit improved from the year-ago period. Revenues, though higher, missed the consensus estimate. The company maintained its full-year top line guidance for 2012, while it raised its adjusted earnings per share forecast.

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