logo
Share SHARE
FONT-SIZE Plus   Neg

Pre-market Movers For March 8 (ANN, MCD, P, AMBA, FL, SKUL, GDI)

Gainers:

ANN INC (ANN) is gaining 7 percent to $31.00. The company's fourth quarter profit improved marginally from the prior year period, while total net sales missed the consensus estimate. Meanwhile, the company forecast first quarter and full-year sales above Wall Street view.

McDonald's Corp. (MCD) is gaining nearly 2 percent to $98.79. The company reported a 1.5 percent decline in February global comparable sales, reflecting a negative calendar shift as February 2012 included an extra day due to leap year. Excluding this negative calendar shift of 3.2 percentage points, global comparable sales for the month rose 1.7 percent.

Pandora Media, Inc. (P) is jumping nearly 26 percent to $14.75 and Ambarella, Inc. (AMBA) is up over 12 percent to $13.48 following the release of their quarterly results.

Gardner Denver, Inc. (GDI) is rising over 1 percent to $74.85 based on the news that it has agreed to be acquired by Kohlberg Kravis Roberts & Co. L.P. for about $3.9 billion, including the assumption of debt.

Decliners:

Foot Locker, Inc. (FL) is falling 4 percent to $98.79. The company's fourth quarter profit improved 28 percent from the prior year period. Sales for the quarter grew 14 percent and topped the consensus estimate. For fiscal 2013, the company expects double-digit percentage earnings per share increase over 2012 adjusted earnings per share.

Skullcandy, Inc. (SKUL) is plunging 16 percent to $5.60 as it expects to report a loss in its first quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Federal Network Agency (Bundesnetzagentur) has asked parents who bought the popular My Friend Cayla doll to destroy the toy or disable its wireless connection. The Bundesnetzagentur has banned the unauthorized wireless transmitting equipment in a children's toy and has already removed the product... Saudi Arabia is reportedly considering to list its state-run oil behemoth Saudi Aramco in New York Stock Exchange. According to a WSJ report, citing people familiar with the matter, Aramco prefers to float its shares on the NYSE, or in London or Toronto after discussion to list on an Asian stock exchange... Anglo-Australian mining giant BHP Billiton plc reported Tuesday a profit in its first half, compared to last year's hefty loss on sharply lower one charges. Underlying EBITDA, a key earnings metric, climbed 65 percent with higher production and prices. The company further lifted its dividend by 150 percent.
comments powered by Disqus
Follow RTT