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Pre-market Movers For April 24 (T, BHI, PH, MMM, NFLX, SYMC, CNC, RSH, AAPL)

Gainers:

AT&T, Inc. (T) is gaining nearly 2 percent to $31.16. The company's first quarter profit improved from the year-ago quarter and were above Wall Street view. Consolidated revenues rose 1.8 percent.

Baker Hughes Inc. (BHI) is up 4 percent to $42.59. The company's first quarter declined from the previous year period, while revenue increased 18 percent. Both earnings per share and revenue were above Wall Street view.

Parker-Hannifin Corp. (PH) is up 2 percent to $83.00 as the company's third quarter profit and net sales improved from previous year and were above consensus. The company also increased its guidance for earnings from continuing operations for 2012.

3M Co. (MMM) is gaining 3 percent to $89.60. The company's first quarter profit increased from the prior year period, and were above consensus. The company raised the lower end of its fiscal 2012 earnings per share guidance.

Decliners:

Netflix, Inc. (NFLX) is down 14 percent to $16.63. The company slipped to a loss in its first quarter. However, revenues increased from the year-ago quarter and were above consensus. The company anticipates returning to global profitability in its second quarter, while detailing a weak revenue outlook.

Symantec Corp. (SYMC) is falling 8 percent to $16.63 as the company lowered its for cast for first quarter GAAP revenue and non-GAAP diluted earnings per share. The company said it experienced weaker than expected license performance due to fewer license rich storage and server management deals in the quarter.

Centene Corp. (CNC) is falling nearly 4 percent to $43.21. The company's first quarter profit declined from the year-ago quarter and were below analysts' estimate. Meanwhile, the company raised its forecast for 2012.

RadioShack Corp. (RSH) is down 10 percent to $5.35. The company slipped to a loss in its first quarter. The company said its first quarter was extremely challenging as it had anticipated and added that its results were disappointing.

Apple Inc. (AAPL) is falling 1 percent to $563.99.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Alaska Air Group Inc., which completed its $2.6 billion acquisition of Virgin America last year, said that the combined company will adopt Alaska Air's name and logo. The Virgin America name will be retired, "likely sometime in 2019," the airline added. Apple Inc. has agreed to acquire Workflow, an iOS app for automating tasks, as well as its development team for an undisclosed sum. Workflow is a personal automation tool that enables the user to drag and drop combination of actions to create workflows for the iPhone, iPad and Apple Watch. After long negotiations to win over one of the largest and fastest growing smart phone markets, Apple has decided to assemble its 4-inch screen iPhone SE in India.
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