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Pre-market Movers For May 1 (AAPL, MRK, MA, HUM, CMCSA, IQNT, SYNC, IPGP, CPNO)

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

Apple Inc. (AAPL) is up 0.59 percent to $445.39. The company announced the sale of $17 billion in bonds, which is said to be the biggest corporate bond offering on record and its first since 1996.

Humana Inc. (HUM) is rising 4 percent to $77.00. The company's first quarter profit surged from the prior year period. Consolidated revenues rose 2.6 percent and topped the consensus estimate. The company also raised its full-year earnings forecast, but said earnings growth in 2014 is uncertain at this time.

Comcast Corp. (CMCSA) is gaining over 1 percent to $42.00 after reporting higher profit and revenue for its first quarter.

Neutral Tandem, Inc. (IQNT) is surging 35 percent to $4.03. The company's profit improved slightly from the year-ago quarter, while its revenue decreased 1 percent. Yesterday, the company announced the sale of its global data business to GTT for $54.5 million. As a result of the divestiture, the company lowered its revenue guidance for 2013.

Synacor, Inc. (SYNC) is jumping 15 percent to $3.37 based on the news that it has expanded its relationship with Verizon to offer nearly 5 million FiOS TV subscribers access to TV shows and movies from one online destination.

Decliners:

Merck & Co. Inc. (MRK) is down over 4 percent to $44.85. The company's first quarter earnings declined from the year-ago quarter, but its non-GAAP earnings per share topped Wall Street view. Sales for the quarter declined and also missed the consensus estimate. The company lowered its fiscal 2013 earnings guidance. Merck also announced plan for additional purchases of up to $15 billion of common stock.

Mastercard Inc. (MA) is falling 2 percent to $543.00. The company's first quarter earnings improved from the prior year period and topped analysts' expectation. Net revenue increased 8 percent, but missed the consensus estimate.

IPG Photonics Corp. (IPGP) is down 7 percent to $59.25. The company's first quarter profit and revenue improved from the prior year period, but were below Wall Street view. The company forecast second quarter results in-line with analysts' estimate.

Trading halt:

Trading in shares of Copano Energy LLC (CPNO) was halted. Kinder Morgan Energy Partners, L.P. (KMP) announced the closing of its previously announced acquisition of Houston-based Copano.

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