Pre-market Movers on July 26 (SVU, LXK, CMI, COV, F, HSY, S, WAT, VLO, NVDA, MMM, M)
The companies whose shares are moving in pre-market trade on Tuesday are: SUPERVALU, Lexmark International, Cummins, Covidien, Ford Motor, Hershey, Sprint Nextel, Waters, Valero Energy, Nvidia, 3M Co and Macy's Inc.
SUPERVALU Inc. (NYSE:SVU) shares climbed 9.27 percent to $9.31 in pre-market trading session. Its first quarter net income rose to $74 million or $0.35 per share from $67 million or $0.31 per share in the same quarter a year-ago.
Lexmark International Inc. (NYSE:LXK) shares climbed 6.48 percent to $30.71 in pre-market trading session. The company reported second quarter net income of $101.3 million or $1.27 per share from $85.1 million or $1.07 per share in the same quarter a year-ago.
For the third quarter, Lexmark currently expects earnings to be in a range of $0.86 and $0.96 per share against analysts’ estimation of $0.99 per share on revenues of $1.01 billion.
Cummins Inc. (NYSE:CMI) shares surged 5.24 percent to $112.00 in pre-market trading session. Its second quarter net income surged to $505 million or $2.60 per share compared to $246 million or $1.25 per share in the same quarter last year.
Covidien Plc. (NYSE:COV) shares surged 4.68 percent to $52.60 in pre-market trading session. The company reported third quarter net income of $535 million or $1.07 per share from $364 million or $0.72 per share in the same quarter last year.
Ford Motor Co. (NYSE:F) shares gained 2.43 percent to $13.49 in pre-market trading session. The company reported second quarter net profit of $2.4 billion or $0.59 per share from $2.6 billion or $0.61 per share in the same quarter last year. Revenue rose to $35.5 billion from $31.3 billion.
Hershey Co. (NYSE:HSY) shares advanced 1.85 percent to $59.40 in pre-market trading session. Its second quarter net income surged to $130.02 million or $0.56 per share from $46.72 million or $0.20 per share in the same quarter.
Sprint Nextel Corp. (NYSE:S) shares advanced 1.75 percent to $5.24 in pre-market trading session.
Waters Corp. (NYSE:WAT) shares slumped 6.59 percent to $90.70 in pre-market trading session. Its second quarter net income rose to $100.08 million or $1.07 per share from $84.92 million or $0.90 per share in the same quarter a year-ago, while analysts’ expected the company to report net income of $1.14 per share on revenues of $451.13 million.
Valero Energy Corp. (NYSE:VLO) shares plunged 4.05 percent to $25.60 in pre-market trading session. Its second quarter net profit rose to $745 million or $1.30 per share from $520 million or $0.92 per share in the same quarter a year-ago, while analysts’ expected the company to report net income of $1.44 per share.
Nvidia Corp. (NASDAQ:NVDA) shares declined 3.25 percent to $14.28 in pre-market trading session. The company stock was downgraded to “underperform” rating from “hold” rating at Needham & Company.
3M Co. (NYSE:MMM) shares declined 3.02 percent to $92.20 in pre-market trading session. The company reported second quarter net income of $1.16 billion or $1.60 per share from $1.12 billion or $1.54 in the same quarter a year-ago.
Macy's Inc. (NYSE:M) shares declined 1.7 percent to $29.43 in pre-market trading session.
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