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Earnings News

Pre-market Movers For May 3 (GM, SLE, GPS, MGM, GMCR, KNSY, CXW, TDC, AMT)

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

Kensey Nash Corp. (KNSY) is up 32 percent to $38.37 as Royal DSM NV (RDSMY.PK) has agreed to acquire the company for $38.50 in cash per share.

Corrections Corp Of America (CXW) is rising 10 percent to $32.00. The company's first quarter profit declined from the year-ago quarter, while its adjusted earnings per share were in-line with analysts estimate. The company also announced that it is assessing the feasibility of a Real Estate Investment Trust conversion.

Teradata Corporation (TDC) is up 5 percent to $76.00. The company's profit and revenues improved from the previous year period and were above analysts' expectations.

American Tower Corp. (AMT) is up 6 percent to $69.95. The company's first quarter earnings jumped from the year-ago quarter. Total operating revenues improved from the prior year quarter and topped the consensus estimate.

Decliners:

General Motors Co. (GM) is down 0.35 percent to $22.85. The company's first quarter profit plunged from the previous year, but was above what analysts' had estimated. The company raised its forecast for U.S. light vehicle sales for full-year 2012. The company said it is preparing for more than 20 major vehicle launches around the world in 2012 to drive revenue this year and farther into the future.

Sara Lee Corp. (SLE) is falling 5 percent to $21.09. The company slipped to a loss in its third quarter. The company said it now expects 2012 net sales and operating income to meet objectives at the low end of the respective guidance ranges.

Gap Inc. (GPS) is declining 4 percent to $28. The company's comparable sales for April were down 2 percent, versus an 8 percent increase last year period.

MGM Resorts International (MGM) is falling 3 percent to $13.10. The company's first quarter loss widened from the previous year. Consolidated net revenue increased 51 percent.

Green Mountain Coffee Roasters Inc. (GMCR) is plunging 40 percent to $29.61. The company's second quarter earnings per share met analysts' estimate, while sales were below consensus. The company guided third quarter results below consensus. In addition, the company lowered its earnings and sales guidance for 2012.

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