Pre-market Movers on July 20 (EMC, CSX, TXT, QCOM, LUK, CMG, ECL, YHOO, FFIV)
The companies whose shares are moving in pre-market trade on Wednesday are: EMC Corp, CSX Corp, Textron, QUALCOMM, Leucadia National, Chipotle Mexican Grill, Ecolab, Yahoo and F5 Networks.
EMC Corp. (NYSE:EMC) shares surged 3.62 percent to $28.37 in pre-market trading session after the company said its second quarter net profit rose to $546.49 million or $0.24 per share from $426.22 million or $0.20 per share in the same period a year-ago.
For fiscal 2011, the company currently expects consolidated GAAP net income to exceed $2.44 billion or earnings to $1.07 per share on revenue of $19.8 billion.
CSX Corp. (NYSE:CSX) shares advanced 2.59 percent to $26.14 in pre-market trading session. The company reported second quarter net income of $506 million or $0.46 per share from $414 million or $0.36 per share in the same quarter last year.
Textron Inc. (NYSE:TXT) shares gained 2.85 percent to $22.75 in pre-market trading session. Its second quarter net profit rose to $90 million or $0.29 per share from $82 million or $0.27 per share in the same peiod a year-ago.
QUALCOMM Inc. (NASDAQ:QCOM) shares advanced 2.35 percent to $58.32 in pre-market trading session. The company is expected to report third quarter net income of $ 0.71 per share compared to $ 0.57 per share in the same quarter last year.
Leucadia National Corp. (NYSE:LUK) shares gained 1.2 percent to $33.69 in pre-market trading session.
Chipotle Mexican Grill Inc. (NYSE:CMG) shares declined 3.06 percent to $323.50 in pre-market trading session. The company reported second quarter net income of $50.7 million or $1.59 per share compared to $46.5 million or $1.46 per share in the same period a year-ago, while analysts’ expect net income of $1.68 per share.
Ecolab Inc. (NYSE:ECL) shares declined 2.69 percent to $53.90 in pre-market trading session. The company raised its fiscal 2011 earnings estimate to a range of $2.52 to $2.56 per share from $2.49 to $2.53 per share.
Yahoo! Inc. (NASDAQ:YHOO) shares declined 1.99 percent to $14.30 in pre-market trading session. Its second quarter net income rose to $237 million or $0.18 per share from $213 million or $0.15 per share in the same quarter a year-ago. Revenue declined 23 percent to $1.23 billion from $1.60 billion in the same period a year-ago.
F5 Networks Inc. (NASDAQ:FFIV) share declined 2.32 percent to $115.90 in pre-market trading session.
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