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Pre-market Movers For April 11-MSFT, INTC, BBBY, RAD, ACAD, AEZS, FTNT, PIR, YUM

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4/11/2013 8:55 AM ET

Gainers:

ACADIA Pharmaceuticals Inc. (ACAD: Quote) is jumping 45 percent to $11.61. The company announced that the FDA has agreed that the data from the pivotal Phase III -020 study, together with supportive data from other studies with pimavanserin, are sufficient to support the filing of a NDA, for the treatment of Parkinson's disease psychosis.

Bed Bath & Beyond Inc. (BBBY: Quote) is up 2 percent to $66.81 following the release of its quarterly results.

Rite Aid Corp. (RAD: Quote) is up 10 percent to $1.96. The company swung to a profit in its fourth quarter. Revenues declined 9.7 percent, but managed to beat the consensus estimate.

Amyris, Inc. (AMRS: Quote) is gaining 15 percent to $3.31. Earlier today, Sanofi announced the launch of large-scale industrial production of Artemisinin utilizing Amyris designed strains.

Aeterna Zentaris Inc (AEZS: Quote) is up 18 percent to $2.25 following the news that the proof-of-concept results were 'encouraging' for its Disorazol Z cytotoxic conjugates, such as AEZS-125 and AEZS-138, used in the human ovarian and endometrial cancer xenograft models.

Decliners:

Microsoft Corp. (MSFT: Quote) is down 3 percent to $29.27.

Intel Corp. (INTC: Quote) is falling 2 percent to $21.84.

Fortinet Inc. (FTNT: Quote) is down over 17 percent to $18.05. The company reduced its first quarter outlook as its financial results were negatively impacted by a few deals in the U.S. service provider segment which did not close as expected, macro factors in Latin America and EMEA, and also due to the timing of new appliance product releases and inventory shortages.

Infinity Pharmaceuticals, Inc. (INFI: Quote) is down 2 percent to $41.70 following the news about the pricing of a public offering of 10 million shares of its common stock by existing shareholders Beacon Company and Rosebay Medical Company L.P., at a public offering price of $40.00 per share.

Yum! Brands, Inc. (YUM: Quote) is declining over 2 percent to $65.29. The company announced that its March same-store sales declined an estimated 13 percent in its China Division, including an estimated decline of 16 percent at KFC and 4 percent growth at Pizza Hut Casual Dining.

Pier 1 Imports, Inc. (PIR: Quote) is down nearly 3 percent to $22.70. The company's fourth quarter profit declined from the prior year period, while its non-GAAP earnings matched analysts' estimate. Total sales rose 15.7 percent from the year-ago quarter. Meanwhile, the company forecast fiscal year earnings below Street view.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
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