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Updated-Pre-market Movers For April 12 Th (NOK, AA, MCRL, EXEL, FAST, TUES, CVX)

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

Exelixis, Inc. (EXEL) is rising 11% to $12.25 based on a report that the company has hired Goldman Sachs Group Inc. (GS) to prepare for potential takeover offers.

Micrel Inc. (MCRL) is falling 15% to $12.30 as it lowered revenue and earnings per diluted share outlook for the first quarter ended March 31, 2011. The company attributed the shortfall in revenue to lower than expected sales to a device manufacturer in Korea.

WebMD Health Corp. (WBMD) is up over 1% to $49.76 as it announced that first quarter results will exceed First Call consensus analyst estimates of $126.2 million in revenue and $34.0 million in Adjusted EBITDA. WebMD also reaffirmed its financial guidance for calendar year 2011.

Decliners:

Nokia Corp. (NOK) is down 0.89% to $8.95 based on a report citing Chairman Jorma Ollila's comment that the mobile phone maker expects to suffer more losses in its smartphone market share before enjoying gains from its expected new smartphone range with Microsoft Corp.'s (MSFT) Windows Phone operating system. Earlier today, Nokia introduced two new smartphones: the Nokia E6 and Nokia X7, both using the latest update of Symbian software, nick-named Symbian Anna.

Alcoa, Inc. (AA) is falling 4% to $17.09 as its first quarter sales were below Wall Street view. The company's quarterly earnings per share, excluding items, came in above analysts' expectations.

Fastenal Co. (FAST) is sliding 1.29% to $66.63 despite reporting first quarter earnings and sales that rose from last year and were above Wall Street view.

Amazon.com Inc. (AMZN) is down 0.44% to $183.23 despite the news about introduction of Kindle with Special Offers for $114. Kindle with Special Offers is the same Kindle, plus special offers and sponsored screensavers.

Tuesday Morning Corp. (TUES) is down 11% to $4.50 as it reduced its fiscal 2011 sales, comparable store sales and earnings per share outlook. The company expects to report loss for its third quarter.

Chevron Corp. (CVX) is falling 1% to $106.64 despite announcing that it expects first quarter profit to be higher than the previous quarter, due to higher crude oil prices. For the fourth quarter of fiscal 2010, the company reported net income of $5.30 billion or $2.64 per share. Downstream earnings in the first quarter are expected to be slightly lower sequentially, largely due to reduced asset sales gains, largely offset by higher U.S. margins.

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