Pre-Market Movers (LinkedIn, Starbucks, Pan American Silver, Alcatel Lucent, GlaxoSmithKline, Nokia, Deutsche Bank, Weatherford)
LinkedIn Corp, Starbucks Corp, Pan American Silver Corp, Alcatel Lucent, GlaxoSmithKline, Nokia Corp, Deutsche Bank and Weatherford International Ltd. are among the companies whose shares are moving in pre-market trading Friday.
LinkedIn Corp. (LNKD) stock rallied 9.02 percent to $116.49 in pre-market trading. The company swung to the third quarter net income of $2.30 million or $0.02 per share compared to the net loss of $1.60 million or $0.02 per share in the same period last year. Adjusted net profit was $25.14 million or $0.22 per share, up from $6.63 million or $0.06 per share last year and also topped Reuters’ estimate of $0.11 per share. LinkedIn currently expects the fiscal 2012 revenue to be in a range of $939 to $944 million, up from the prior estimate of $915 to $925 million and above analysts’ estimate of $933.20 million.
Starbucks Corp. (SBUX) stock climbed 7.25 percent to $50.00 in pre-market trading. Its fourth quarter net profit rose to $359.0 million or $0.46 per share from $358.5 million or $0.47 per share in the same period last year. The company raised its fiscal 2013 earnings forecast to a range of $2.06 to $2.15 per share from its prior estimation of $2.04 to $2.14 per share and above the analysts’ estimate of $2.13 per share.
Pan American Silver Corp. (PAAS) stock gained 1.68 percent to $23.00 in pre-market trading. The stock has a 52-week low of $13.49, a 52-week high of $30.79 and $3.44 billion in market capitalization.
Alcatel Lucent SA (ALU) stock tumbled 10.81 percent to $0.99 in pre-market trading. The company swung to the third quarter net loss of 146 million euros ($188 million) compared to the net profit of 194 million euros in the same period last year. In dollar terms, net loss was $0.08 per share compared to a net profit of $0.10 per share in the same quarter last year. Adjusted net loss was $0.06 per share compared to net income of $0.12 per share last year and also fell short of Reuters estimate of a loss of $0.01 per share.
GlaxoSmithKline Plc (GSK) stock plunged 2.43 percent to $43.77 in pre-market trading. The company stock was reiterated with a “buy” rating at Societe Generale Friday.
Nokia Corp. (NOK) stock declined 1.75 percent to $2.80 in pre-market trading. The company stock climbed nearly 7 percent in the regular trading Thursday.
Deutsche Bank AG (DB) stock declined 1.55 percent to $45.87 in pre-market trading. The stock has a 52-week low of $27.03, a 52-week high of $52.54 and $43.14 billion in market capitalization.
Weatherford International Ltd. (WFT) stock fell 1.03 percent to $11.53 in pre-market trading. The stock has a 52-week low of $11.14, a 52-week high of $18.33 and $8.85 billion in market capitalization.
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