logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Member of Congress have reportedly been told President Donald Trump's administration has reached an agreement to put Chinese telecom giant ZTE Corp. back in business. Reports from the New York Times and Reuters said the deal brokered by the Commerce Department would require ZTE to pay a substantial... Delta Air Lines will resume non-stop flights between the U.S. and India next year, almost a decade after it exited the Indian market. The airline said Thursday that its decision to resume non-stop flights from the U.S. to India follows agreements between the U.S. and the governments of the United Arab Emirates and Qatar to address the issue of government subsidies provided to state-owned carriers. Mortgage rates continued their upward trend this week and hit a seven-year high, even as housing demand remained robust. According to data released Thursday by mortgage finance provider Freddie Mac, the 30-year fixed-rate mortgage rose to 4.66 percent in the week ending May 24, from 4.61 percent in the prior week and 3.95 percent a year ago. This is also the highest level since May 5, 2011.
Follow RTT