Pre-market Movers on Aug 2 (AMT, CTSH, CHK, DUK, HAS, PCS, ADM, FMC, X, TGT, TAP)
The companies whose shares are moving in pre-market trade on Tuesday are: American Tower, Cognizant Technology Solutions, Chesapeake Energy, Duke Energy, Hasbro, MetroPCS Communications, Archer Daniels Midland, FMC Corp, United States Steel, Target Corp and Molson Coors Brewing Co.
American Tower Corp. (NYSE:AMT) shares advanced 2.48 percent to $53.80 in post market trading session. Its second quarter net profit rose to $115.21 million or $0.29 per share from $99.66 million or $0.25 per share in the same quarter a year-ago.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH) shares gained 2.55 percent to $72.50 in pre-market trading session. The company reported second quarter net profit of $208.04 million or $0.67 compared to $172.2 million or $0.56 per share in the same quarter last year.
Chesapeake Energy Corp. (NYSE:CHK) shares gained 1.6 percent to $34.90 in pre-market trading session. The company announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will be paid on October 17, 2011 to common shareholders of record on October 3, 2011.
Duke Energy Corp. (NYSE:DUK) shares rose 1.34 percent to $18.95 in pre-market trading session. The company swung to second quarter net profit of $435 million or $0.33 per share compared to net loss of $222 million or $0.17 per share in the same quarter a year-ago.
Hasbro Inc. (NASDAQ:HAS) shares gained 1.19 percent to $39.90 in pre-market trading session.
MetroPCS Communications Inc. (NYSE:PCS) shares slumped 18.29 percent to $13.22 in pre-market trading session. The company reported second quarter net profit of $84.34 million or $0.23 per share from $79.92 million or $0.22 per share in the same quarter a year-ago, while analysts’ expected net income of $0.28 per share.
Archer Daniels Midland Co. (NYSE:ADM) shares declined 3.22 percent to $29.50 in pre-market trading session. Its fourth quarter net income declined to $381 million or $0.58 per share from $446 million or $0.69 per share in the same quarter last year.
FMC Corp. (NYSE:FMC) shares declined 3.79 percent to $85.00 in pre-market trading session. The company reported second quarter net profit of $107.2 million or $1.49 per share from $65.7 million or $0.90 per share in the same quarter last year.
United States Steel Corp. (NYSE:X) shares declined 1.4 percent to $38.79 in pre-market trading session.
Target Corp. (NYSE:TGT) shares declined 1.17 percent to $50.50 in pre-market trading session. The stock has a 52 week low of $45.65 and 52 week high of $60.97 and has $35.22 billion market capitalization.
Molson Coors Brewing Co. (NYSE:TAP) shares declined 1.41 percent to $44.00 in pre-market trading session. The company reported second quarter net profit of $222.8 million or $1.18 per share compared to $237.2 million or $1.27 per share in the same period a year-ago.
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