logo
Share SHARE
FONT-SIZE Plus   Neg

Pre-market Movers For April 13 (GOOG, CSTR, SAP, JPM, WFC, INFY, CTSH, MU)

Gainers:

Google Inc. (GOOG) is up 0.52 percent to $654.40. The company's first quarter profit rose 61 percent from the year-ago quarter. Earnings per share, excluding items, were above Wall Street view. In addition, the company plans to create a new class of non-voting capital stock, which will be distributed through a stock dividend to all existing shareholders.

Coinstar, Inc. (CSTR) is gaining 12 percent to $69.00. The company has raised its forecast for core earnings from continuing operations and revenue for the first quarter, which is above consensus. Coinstar said increased revenue guidance was driven mainly by stronger than anticipated consumer demand at Redbox throughout the quarter. The company also raised its guidance for the full year 2012.

SAP AG (SAP) is up 2 percent to $67.14. The company reported a 11 percent growth in its first quarter preliminary IFRS total revenue. The company also reiterated its full year 2012 outlook. The company said it had sales execution issues in North America which impacted first quarter performance. However, the company added that these issues have been resolved and the necessary steps have been taken to ensure that North America is back on track.

Decliners:

JPMorgan Chase & Co. (JPM) is declining 1 percent to $44.40. The company's first quarter profit declined year-over-year, although net revenues increased and came in above the consensus estimate. The company also noted that results for the quarter reflected positive credit trends for its consumer real estate and credit card portfolios.

Wells Fargo & Co. (WFC) is falling 2 percent to $33.37. The company's first quarter profit and revenue improved from the previous year, and were also above Wall Street view.

Indian software services firm Infosys Ltd. (INFY) is sliding 14 percent to $48.83 as the company issued weak full year guidance, warning of challenges ahead amid a tough economy. The company termed that the fourth quarter as "a very difficult quarter".

Cognizant Technology Solutions Corp. (CTSH) is falling more than 3 percent to $73.88.

Micron Technology Inc. (MU) is down 2 percent to $7.00. The company announced pricing of an offering of $480 million of its 2.375 percent convertible senior notes due 2032 and $390 million of its 3.125 percent convertible senior notes due 2032.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
British lender Lloyds Banking Group Plc. Friday reported higher profit in its first half, benefited by increased net interest income and margin as well as lower impairment. Looking ahead, the company lifted its net interest margin forecast. Amgen reported an increase in second-quarter profit, driven by sales of arthritis drug Enbrel and osteoporosis treatments Xgeva and Prolia, and improved margins. Both earnings and sales topped Wall Street estimates. Electronic Arts Inc. (EA) on Thursday reported an increase in profit for the first quarter, reflecting continued strong digital revenues, with both earnings and revenues topping Wall Street estimates. However, shares of the company fell over 4 percent, after having detailed a weak outlook. Redwood...
comments powered by Disqus
RELATED NEWS
Trade GOOG now with 
Follow RTT