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Pre-market Movers For April 10 (FB, FDO, MNKD, ADTN, TITN, SGYP, FAST, GLCH)

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Gainers:

Facebook, Inc. (FB) is up over 1 percent to $27.01.

MannKind Corp. (MNKD) is rising more than 4 percent to $4.25.

ADTRAN Inc. (ADTN) is rising 12 percent to $22.10. The company's first quarter profit declined from the prior year period. Sales improved and topped the consensus estimate. The company also declared a cash dividend for the first quarter of 2013.

Decliners:

Family Dollar Stores Inc. (FDO) is down over 4 percent to $57.10. The company's second quarter earnings improved from the year-ago quarter, but missed Wall Street view. Net sales for the quarter increase 17.7 percent and managed to come in-line with the consensus estimate. The company noted that it expects sales in more discretionary categories to continue to be pressured in the second half of fiscal 2013. The company also lowered its fiscal 2013 earnings forecast.

Titan Machinery, Inc. (TITN) is falling over 14 percent to $22.30. The company's fourth quarter profit declined from the previous year and was below Wall Street view. Meanwhile, revenue increased 29.2 percent and topped the consensus estimate.

Synergy Pharmaceuticals, Inc. (SGYP) is falling 10 percent to $6.46 following its announcement about offering to sell an aggregate value of $90 million of its common stock.

Fastenal Co. (FAST) is down over 3 percent to $49.10. The company's first quarter profit improved from the prior year period and matched Wall Street view. Net sales for the quarter increased from the year-ago quarter, but missed the consensus estimate.

Trading halt:

Trading in shares of Gleacher & Company, Inc (GLCH) was halted. The company announced that it will exit its MBS & Rates and Credit Products businesses effective immediately. This action, together with associated rightsizing of administrative and other support personnel, could impact up to approximately 160 employees.

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