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Pre-market Movers For Jan 29 (F, LLY, PFE, YHOO, HOG, ANAC, SOMH, LBAI)

Gainers:

Eli Lilly & Co. (LLY) is rising 0.68 percent to $53.00 . The company's fourth quarter profit and total revenue declined from the year-ago period, but were above Wall Street view. The company reaffirmed its 2013 revenue forecast and raised its earnings forecast range.

Pfizer Inc. (PFE) is up nearly 1 percent to $27.06. The company's fourth quarter earnings jumped from the previous year period, favorably impacted by a gain on the sale of the Nutrition business. Adjusted earnings for the quarter decreased 7 percent.

Yahoo! Inc. (YHOO) is rising more than 3 percent to $21.00 following the release of its fourth quarter results.

Harley-Davidson, Inc. (HOG) is up 0.75 percent to $53.60. The company's fourth quarter profit declined from the year-ago quarter and was below Wall Street view. Motorcycles and related products revenue dropped from the same period a year earlier, but managed to surpass the consensus estimate.

Decliners:

Ford Motor Co. (F) is down 1 percent to $13.64. The company's fourth quarter profit plunged from the previous year, while its operating earnings per share were above Wall Street view. The company expects 2013 to be another strong year, with total Company operating profit to be about equal to 2012.

Anacor Pharmaceuticals, Inc. (ANAC) is slumping 26 percent to $3.80. The company announced positive preliminary results from the first of two Phase 3 trials of tavaborole, its topical anti-fungal for onychomycosis. In the first Phase 3 study, 6.5 percent of patients treated with tavaborole met the primary endpoint of "complete cure".

Trading halt:

Trading in shares of Somerset Hills Bancorp (SOMH) and Lakeland Bancorp Inc. (LBAI) were halted. Somerset Hills Bancorp will be merged with and into Lakeland Bancorp, with Lakeland Bancorp as the surviving bank holding company.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Facebook Inc. (FB), Wednesday reported a jump in profit for the second quarter, as the social networking giant's bottom line continues to be driven by soaring ad revenues. Both earnings and revenues trumped Wall Street expectations, sending shares up by 6 percent in the extended hours. Menlo Park,... Boeing Co.(BA) reported a loss for the second-quarter 2016 compared to profit in the prior year, reflecting 787 cost reclassification and charges on the 747 program and the KC-46 Tanker program, partially offset by solid execution and higher volume. It cut its profit outlook for fiscal year 2016, while it reaffirmed annual revenue guidance. Automaker Fiat Chrysler Automobiles NV on Wednesday reported a 25 percent increase in profit for the second quarter from last year. However, quarterly net revenues and worldwide shipments declined from last year.
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