Pre-Market Movers (Facebook, Power One, Gilead, SAP, Netflix, Questcor, Norfolk, Nokia)

Facebook Inc, Power One, Gilead Sciences, SAP AG, Netflix Inc, Questcor Pharmaceuticals, Norfolk Southern Corp and Nokia Corp are among the companies whose shares are moving in pre-market trading Wednesday.

Facebook Inc. (FB) stock rallied 13.38 percent to $22.11 in pre-market trading. The company swung to the third quarter net loss of $59 million or $0.02 per share compared to the net income of $150 million or $0.10 per share in the same period last year. But the adjusted net income was $311 million or $0.12 per share compared to $273 million or $0.12 per share last year and topped Reuters’ estimate of $0.11 per share. Revenue surged 32 percent to $1.26 billion from the same period last year, above analysts’ estimate of $1.23 billion.

Power One Inc. (PWER) stock climbed 11.03 percent to $4.63 in pre-market trading. The stock has a 52-week low of $3.51, a 52-week high of $7.16 and $509.79 million in market capitalization.

Gilead Sciences Inc. (GILD) stock surged 3.19 percent to $66.98 in pre-market trading. The company reported the third quarter net profit of $675.5 million or $0.85 per share, down from $741.1 million or $0.95 per share in the same period last year. The adjusted net profit was $788.9 million or $1.00 per share, down from $795.2 million or $1.02 per share in the same period last year, but topped Reuters’ estimate of $0.94 per share.

SAP AG (SAP) stock gained 1.88 percent to $71.00 in pre-market trading. The company currently expects full-year revenue from software and software-related service to increase in a range of 10.5 to 12.5 percent, up from a 10 to12 percent forecast provided in July.

Netflix, Inc. (NFLX) stock tumbled 17.17 percent to $56.51 in pre-market trading. Its third quarter net income plunged to $7.68 million or $0.13 per share from $62.46 million or $1.16 per share in the same period last year. The company expects the fourth quarter results to be in a range of between a net loss of $0.23 per share and the net earnings of $0.04 per share compared to analysts’ estimate of loss of $0.08 per share.

Questcor Pharmaceuticals, Inc. (QCOR) stock plunged 4.67 percent to $24.72 in pre-market trading. The company reported the third quarter net profit of $55.69 million or $0.91 per share compared to $22.85 million or $0.35 per shares in the same period last year. Revenue rose to $140.34 million from $59.82 million in the same quarter last year.

Norfolk Southern Corp. (NSC) stock declined 2.32 percent to $64.48 in pre-market trading. Its third quarter net profit declined to $402 million or $1.24 per share from $554 million or $1.59 per share in the same period last year. Revenue declined to $2.7 billion from $2.9 billion last year while analysts expected a net profit of $1.23 per share on revenues of $2.71 billion.

Nokia Corp. (NOK) stock declined 1.87 percent to $2.63 in pre-market trading. The stock has a 52-week low of $1.63, a 52-week high of $7.38 and $10.04 billion in market capitalization.