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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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The Boeing Company (BA) reported that its first-quarter core earnings per share increased to $3.64 from $2.17, prior year, reflecting strong performance across the company. Core operating earnings improved 35% year-over-year to $2.51 billion from $1.86 billion, previous year. GAAP earnings from operations increased 30% to $2.88 billion. Net earnings improved 57% year-over-year to $2.48 billion. Earnings per share was $4.15 compared to $2.54. Operating cash flow was $3.1 billion for the quarter. Micro-blogging site Twitter Inc. on Wednesday reported a turnaround to profit in the first quarter on strong double-digit revenue growth. This is the company's second quarterly profit. Both revenue and adjusted earnings per share beat analysts' estimates. Twitter's average monthly active users or MAU figure rose 3 percent year-over-year and also increased from the preceding quarter. Shares of Credit Suisse Group AG were gaining around 4 percent in Swiss trading after the banking giant reported Wednesday higher profit in its first quarter, despite lower net interest income. The company said it had planned 2018 to be a year of acceleration in its performance in its 12-quarter restructuring program.
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