Pre-market Gainers on July 22 (AMD, SNDK, GE, SLB, CC, STI, MCD, WDC, XRX, RHT)
The companies whose shares are gaining in pre-market trade on Friday are: Advanced Micro Devices, Sandisk Corp, General Electric, Schlumberger, Carnival, Suntrust Banks, McDonalds, McDonalds, Xerox and Red Hat Inc.
Advanced Micro Devices, Inc. (NYSE:AMD) shares climbed 8 percent to $7.02 in pre-market trading session. The company swung to second quarter net profit of $61 million or $0.08 per share compared to a net loss of $43 million or $0.06 per share in the same quarter last year. The company expects revenue to increase around 10 percent sequentially in the third quarter.
Sandisk Corp. (NASDAQ:SNDK) shares advanced 2.96 percent to $42.80 in pre-market trading session. The company reported second quarter net income of $248.4 million or $1.02 per share compared to $257.9 million or $1.08 per share in the same quarter last year, while analysts’ expected the company to report net income of $0.99 per share for the second quarter.
General Electric Co. (NYSE:GE) shares advanced 2.19 percent to $19.58 in pre-market trading session. Its second quarter net profit rose to $3.8 billion or $0.35 per share from $3.1 billion or $0.28 per share in the same quarter a year-ago. Revenue for the quarter declined 4 percent to $35.62 billion from $36.93 billion last year.
Schlumberger Ltd. (NYSE:SLB) shares gained 2.3 percent to $93.05 in pre-market trading session. The company reported second quarter net profit of $1.34 billion or $0.98 per share compared to $818 million or $0.68 per share in the same period last year.
Carnival Corp. (NYSE:CC) shares advanced 1.16 percent to $36.70 in pre-market trading session.
Suntrust Banks Inc. (NYSE:STI) shares advanced 2.95 percent to $26.49 in pre-market trading session. Its second quarter net income rose to $174 million or $0.33 per share from $56 million or $0.11 per share in the same quarter a year-ago.
McDonalds Corp. (NYSE:MCD) shares gained 2.66 percent to $88.44 in pre-market trading session. Its second quarter net income rose to $1.41 billion or $1.35 per share from $1.23 billion or $1.13 per share in the same quarter last year.
Western Digital Corp. (NYSE:WDC) shares advanced 2.05 percent to $35.85 in pre-market trading session. FBN securities reiterate “outperform” rating and $45 on shares of WDC after its fourth quarter earnings.
Xerox Corp. (NYSE:XRX) shares gained 1.75 percent to $10.48 in pre-market trading session. Its second quarter net income rose to $319 million or $0.22 per share from $227 million or $0.16 per share in the same quarter last year. Revenue rose to $5.61 billion from $5.51 billion last year.
Red Hat Inc. (NYSE:RHT) shares advanced 1.55 percent to $44.50 in pre-market trading session.
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