Pre-Market Movers (RIG, WFM, SNN, CRM, INTC, GMCR, DEG, NVTL, SKUL, LTD, SWY)
The companies whose shares are moving in pre-market trade Thursday are: Whole Foods Market, Smith & Nephew, Salesforce.com, Intel Corp, Green Mountain Coffee Roasters, Delhaize Group, Novatel Wireless, Skullcandy, Limited Brands and Safeway Inc.
Transocean Ltd. (RIG) stock surged 4.93 percent to $52.39 in pre-market session. Its first quarter net income declined to $42 million or $0.12 per share from $310 million or $0.96 per share in the same period a year earlier as Transocean recorded $184 million or $0.52 per share in one-time items. Revenue was $2.33 billion compared to $2.42 billion same period last year and it also fell short of analysts’ estimation of $2.39 billion.
Whole Foods Market, Inc. (WFM) stock surged 4.38 percent to $88.00 in pre-market trading. The company reported second quarter net income of $117.67 million or $0.64 per share, up from 89.94 million or $0.51 per share in the same period last year and also above analysts’ estimation of $0.59 per share. The company also raised its fiscal 2012 earnings outlook to a range of $2.44 to $2.47 per share from earlier estimation of $2.28 to $2.32 per share, while analysts polled by Reuters expect earnings per share of $2.34.
Smith & Nephew plc (SNN) stock gained 3.53 percent to $50.69 in pre-market trade. Its first quarter net income rose to $233 million or $0.179 per share from $228 million or $0.174 per share in the same quarter last year.
Salesforce.com Inc. (CRM) stock gained 1.92 percent to $161.99 in pre-market session. The company announced Thursday that it will host the largest social enterprise event in Europe.
Intel Corp. (INTC) advanced 1.35 percent to $29.36 in pre-market session. The stock has a 52-week low of $19.16, a 52-week high of $29.27 and $146.13 billion in market capitalization.
Green Mountain Coffee Roasters Inc. (GMCR) stock slumped 39.32 percent to $30.00 in pre-market session as its third quarter earnings guidance fell short of expectations. The company expects third quarter net profit to be in a range of $0.48 to $0.53 per share on revenues of $861 to $897 million, while analysts expect net income of $0.72 per share on revenues of $1.05 billion.
Delhaize Group (DEG) stock slumped 13.25 percent in pre-market session. The company swung to first quarter net loss of 10 million euros or 0.09 euros per share compared to net income of 126 million euros or 1.24 euros per share in the same quarter last year.
Novatel Wireless Inc. (NVTL) stock plunged 8.9 percent to $2.56 in pre-market session. The company expects its first quarter net loss to be widened to $37.9 million or $1.17 per share from $22.1 million or $0.69 per share in the same quarter last year.
Skullcandy Inc. (SKUL) stock declined 3.9 percent to $16.00 in pre-market session. The company reported first quarter net profit of $0.04 per share, down from $0.05 per share in the same period last year.
Limited Brands Inc. (LTD) stock declined 2.84 percent to $49.00 in pre-market session. The company reported a 6 percent growth in comparable store sales for the four weeks ended April 28, 2012, compared to the same period in 2011.
Safeway Inc. (SWY) stock declined 2.50 percent to $19.50 in pre-market trade. The stock has a 52-week low of $15.93, a 52-week high of $25.43 and $5.02 billion in market capitalization.
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