Pre-Market Movers (Expedia, Barclays, Synacor, Amgen, Nokia, Starbucks, Facebook, Logitech, Newmont, Zynga)
Expedia Inc, Barclays Plc, Synacor, Amgen, Nokia Corp, Starbucks Corp, Facebook, Logitech International, Newmont Mining and Zynga Inc are among the companies whose shares are moving in the pre-market trading Friday.
Expedia Inc. (EXPE) stock climbed 11.14 percent to $50.80 in the pre-market trading. The company reported second quarter adjusted net income of $125 million or $0.89 per share, up from $100.6 million or $0.72 per share in the same period a year earlier and also topped analysts’ estimate of $0.71 per share.
Barclays Plc. (BCS) stock surged 4.44 percent to $10.12 in the pre-market trading after posting the first half profit above analysts’ estimates. The adjusted net profit rose to 4.2 billion pounds in the first six months of this year, well above the industry analysts’ estimate of 3.8 billion pounds. The bank again apologized to its shareholders for its part in the Libor rate-rigging scandal that claimed its former CEO, Bob Diamond.
Synacor Inc. (SYNC) stock surged 4.17 percent to $9.50 in the pre-market trading. The company stock slumped nearly 30 percent in regular trading Thursday as its third quarter revenue guidance fell short of expectations.
Amgen Inc. (AMGN) stock gained 3.41 percent to $82.00 in the pre-market trading. Its second quarter net profit rose to $1.266 billion or $1.61 per share from $1.170 billion or $1.25 share in the same period a year earlier. The company also raised its fiscal 2012 adjusted earnings guidance to a range of $6.20 to $6.35 per share, up from its prior estimate of $5.90 to $6.15 per share.
Nokia Corp. (NOK) stock advanced 1.98 percent to $2.06 in the pre-market trading. The company has laid off employees within research and development at the facility in Beijing, China, as part of its program to reduce the total number of employees by 10,000 until the end of 2013, Reuters reported.
Starbucks Corp. (SBUX) stock tumbled 10.73 percent to $46.78 in the pre-market trading. The company reported the third quarter net profit of $333.1 million or $0.43 per share, up from $279.1 million or $0.36 per share in the same period last year but fell short of the analysts’ estimate of $0.45 per share. The company also lowered its fourth quarter earnings guidance to a range of $0.44 to $0.45 per share from its prior estimate of $0.46 to $0.48 per share.
Facebook Inc. (FB) stock slumped 9.29 percent to $24.35 in the pre-market trading. The world's largest social networking platform swung to its second quarter net loss of $157 million or $0.08 per share compared to the net profit of $159 million or $0.11 per share in the same period a year earlier. The adjusted net income was $295 million or $0.12 per share compared to $285 million or $0.12 per share in the same quarter last year and in line with Reuters’ estimation of $0.12 per share.
Logitech International SA (LOGI) stock plunged 4.91 percent to $8.33 in the pre-market trading. The stock has a 52-week low of $7.10, a 52-week high of $12.09 and $1.37 billion in market capitalization.
Newmont Mining Corp. (NEM) stock plunged 4.23 percent to $44.14 in the pre-market trading. The company reported the second quarter adjusted net profit of $294 million or $0.59 per share, down from $445 million or $0.90 per share in the same period last year and also widely missed the analysts' estimate of $0.93 per share.
Zynga Inc. (ZNGA) stock fell 1.10 percent to $3.14 in the pre-market trading. The company stock slumped more than 37 percent in regular trading Thursday after lowering its full-year earnings outlook. The law firm of Wohl & Fruchter LLP announced Thursday that it has commenced an investigation concerning possible violations of federal securities laws and breaches of fiduciary duty by officers and directors of Zynga.
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