Pre-Market Movers (Cisco, Tesla Motors, Halozyme, Southwest Airlines, Medtronic, Expeditors, Advanced Micro Devices, MEMC Electronic Materials, Ericsson)

Cisco Systems, Tesla Motors, Halozyme Therapeutics, Southwest Airlines, Medtronic, Expeditors International, Advanced Micro Devices, MEMC Electronic Materials and Ericsson are among the companies whose shares are moving in pre-market trading on Thursday.

Gainers

Cisco Systems Inc. (NASDAQ:CSCO) stock rallied 8.39 percent to $22.99 in pre-market trading. The company reported a third quarter net profit of $2.5 billion or $0.46 per share, on Wednesday, up from $2.2 billion or $0.40 per share in the same period last year. Adjusted profit was $2.7 billion or $0.51 per share, above Reuters' forecast of a net profit of $0.49 per share for the quarter.

Tesla Motors Inc. (NASDAQ:TSLA) stock climbed 7.26 percent to $91.00 in pre-market trading. The company on Wednesday announced that it will sell 2.7 million shares of its common stock and $450 million in convertible debt due 2018 in concurrent underwritten registered public offerings. Tesla intends to use the net proceeds from the offerings to prepay company’s outstanding loan from the United States Department of Energy, pay the cost of convertible note hedge transactions and also for general corporate purposes.

Halozyme Therapeutics Inc. (NASDAQ:HALO) stock surged 4.60 percent to $7.05 in pre-market trading. The stock has a 52-week low of $3.86, a 52-week high of $9.92 and $762.45 million in market capitalization.

Southwest Airlines Co. (NYSE:LUV) stock rose 4.60 percent to $15.00 in pre-market trading. The company on Wednesday announced that it will increase its quarterly dividend to $0.04 per share from $0.01 per share. Southwest’s board also increased the company's existing $1 billion share repurchase authorization to $1.5 billion.

Medtronic Inc. (NYSE:MDT) stock gained 1.96 percent to $50.99 in pre-market trading. The stock has a 52-week low of $35.67, a 52-week high of $50.17 and $50.70 billion in market capitalization.

Losers

Expeditors International of Washington (NASDAQ:EXPD) shares slumped 8.98 percent to $35.16 in pre-market trading. The stock has a 52-week low of $34.20, a 52-week high of $43.80 and $7.98 billion in market capitalization.

Advanced Micro Devices Inc. (NYSE:AMD) stock plunged 7.31 percent to $4.06 in post-market trading. The stock has a 52-week low of $1.81, a 52-week high of $6.82 and $3.12 billion in market capitalization.

MEMC Electronic Materials Inc. (NYSE:WFR) stock fell 3.95 percent to $6.08 in pre-market trading. The company's stock climbed more than 7 percent in regular trading on Wednesday.

Ericsson (NASDAQ:ERIC) stock fell 2 percent to $12.27 in pre-market trading. The stock has a 52-week low of $8.23, a 52-week high of $13.46 and $41.38 billion in market capitalization.