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

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Gainers:

ANN INC (ANN: Quote) 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: Quote) 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: Quote) is jumping nearly 26 percent to $14.75 and Ambarella, Inc. (AMBA: Quote) is up over 12 percent to $13.48 following the release of their quarterly results.

Gardner Denver, Inc. (GDI: Quote) 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: Quote) 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: Quote) is plunging 16 percent to $5.60 as it expects to report a loss in its first quarter.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
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