Pre-Market Movers (BT Group, Tata Motors, Royal Dutch Shell, ARM Holdings, Zumiez, Comverse, RIMM, Netflix)
BT Group, Tata Motors, Royal Dutch Shell, ARM Holdings, Zumiez, Comverse Technology, Research In Motion and Netflix are among the companies whose shares are moving in pre-market trading Thursday.
BT Group Plc (BT) stock climbed 4.83 percent to $36.04 in pre-market trading. Its second quarter revenue declined 9 percent to £4.47 billion ($7.2 billion) but the pretax profit rose 7 percent to £608 million from £570 million last year and also topped analysts’ estimate of £595 million.
Tata Motors Ltd. (TTM) stock surged 3.02 percent to $24.88 in pre-market trading. The stock has a 52-week low of $14.86, a 52-week high of $30.63 and $77.03 billion in market capitalization.
Royal Dutch Shell Plc (RDS.A) stock advanced 1.15 percent to $69.27 in pre-market trading. The company reported the third quarter net profit of $7.14 billion or $1.14 per share, up from $6.98 billion or $1.12 per share in the same period last year. On a current cost of supplies, earnings were $6.13 billion compared to $7.25 billion in the same period a year-earlier. The company also announced an interim dividend of $0.43 per Class A ordinary share and Class B ordinary share for the third quarter, an increase of $0.01 per share.
ARM Holdings plc. (ARMH) stock gained 1.21 percent to $32.74 in pre-market trading. The stock has a 52-week low of $21.64, a 52-week high of $33.03 and $14.87 billion in market capitalization.
Zumiez Inc. (ZUMZ) stock tumbled 11.65 percent to $22.37 in pre-market trading. Zumiez announced Wednesday that the October same-store sales, or sales at stores open for at least a year, rose 0.6 percent compared to Reuters estimate of a 4.6 percent growth. Zumiez also cut its third earnings forecast to a range of $0.38 to $0.39 per share from its prior estimate of $0.42 to $0.45 per share.
Comverse Technology, Inc. (CMVT) stock slumped 8.88 percent to $6.00 in pre-market trading. The stock has a 52-week low of $5.14, a 52-week high of $7.06 and $1.44 billion in market capitalization.
Research In Motion Ltd. (RIMM) stock fell 1.58 percent to $7.80 in pre-market trading. The stock has a 52-week low of $6.22, a 52-week high of $21.48 and $4.15 billion in market capitalization.
Netflix, Inc. (NFLX) stock declined 1.56 percent to $78.00 in pre-market trading. The company’s stock climbed nearly 14 percent in regular trading Wednesday on news that billionaire investor Carl Icahn acquired 10 percent stake in Netflix Inc.
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