Pre-Market Movers (Sunshine Heart, Arm Holdings, Seadrill, Qiagen, Netflix, Apple, Johnson & Johnson, Deutsche Bank)
Sunshine Heart, Arm Holdings, Seadrill Ltd, Qiagen NV, Johnson & Johnson, Netflix, Apple Inc, LivePerson and Deutsche Bank AG are among the companies whose shares are moving in pre-market trading Wednesday.
Sunshine Heart Inc. (SSH) stock climbed 14.85 percent to $11.54 in pre-market trading. The company announced Wednesday that it had received CE Mark approval for its C-Pulse Heart Assist System for the treatment of Class III and ambulatory Class IV heart failure.
Arm Holdings Plc. (ARMH) stock surged 5.28 percent to $23.52 in pre-market trading. Its second quarter pretax profit surged 23 percent to 66.5 million pounds ($103.25 million) compared to 54.20 million pounds in the same quarter last year.
Seadrill Ltd. (SDRL) stock surged 5.08 percent to $39.71 in pre-market trading. The company has won a deal worth potentially $4 billion from an oil company for three ultra-deepwater drillships to be used in the Gulf of Mexico, Reuters reported.
Qiagen NV (QGEN) stock surged 4.16 percent to $16.76 in pre-market trading. The company reported the second quarter adjusted net profit of $60.8 million or $0.25 per share, up from $55.0 million or $0.23 per share in the same quarter last year. Qiagen currently expects fiscal 2012 full-year earnings to be in a range of $1.04to $1.06 per share, up from its prior estimation of $1.03 to $1.05 per share.
Johnson & Johnson (JNJ) stock gained 1.62 percent to $68.44 in pre-market trading. The stock has a 52-week low of $59.08, a 52-week high of $69.70 and $184.97 billion in market capitalization.
Netflix, Inc. (NFLX) stock slumped 18.35 percent to $65.64 in pre-market trading. The company reported second quarter net profit of $6.2 million or $0.11 per share, sharply lower from $68.2 million or $1.26 per share in the same quarter a year ago. The company expects that its third quarter earnings per share will be between a loss of $0.10 and a profit of $0.14 while analysts expect a net profit of $0.11 per share.
Apple Inc. (AAPL) stock plunged 4.61 percent to $573.21 in pre-market trading as its third quarter earnings fell short of expectations. The iPhone maker reported third quarter net profit of $8.82 billion or $9.32 per share, up from $7.31 billion or $7.79 per share in the same quarter last year but missed Reuters' estimate of $10.36 per share. The company currently expects its fourth quarter net profit will be about $7.65 per share on revenues of $34 billion while analysts expects a net profit of $10.22 per share on revenue of $38.00 billion.
LivePerson Inc. (LPSN) stock declined 3.72 percent to $16.80 in pre-market trading. The stock has a 52-week low of $9.22, a 52-week high of $19.60 and $960.26 million in market capitalization.
Deutsche Bank AG (DB) stock fell 2.66 percent to $27.42 in pre-market trading. The stock has a 52-week low of $27.76, a 52-week high of $56.05 and $25.98 million in market capitalization.
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