Earnings News

Pre-market Movers For June 12 (AAPL, KORS, JNPR, FDS)

Gainers:

Apple Inc. (AAPL) is rising 0.50 percent to $574.00. The company introduced new versions of MacBook Pro and MacBook Air with features such as Intel chips and faster graphics yesterday at its annual developers conference. The company also announced the availability of its advanced operating system OS X Mountain Lion next month.

Michael Kors Holdings Ltd. (KORS) is up over 14 percent to $43.60. The company's fourth quarter profit improved from the year-ago quarter. Total revenue rose 58.3 percent. The company also guided first quarter and fiscal 2013 earnings and revenue above Wall Street view.

Juniper Networks, Inc. (JNPR) is rising nearly 2 percent to $16.70. The company announced a new stock repurchase program which allows it to purchase up to $1 billion of common stock.

Decliners:

FactSet Research Systems Inc. (FDS) is falling over 6 percent to $97.56. The company's third quarter profit and revenues improved from the year-ago period. Earnings per share topped the Wall Street view, while revenues were slightly below consensus. Meanwhile, the company guided fourth quarter revenues below consensus.

by RTTNews Staff Writer

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