Pre-market Movers (URI, CSX, STX, AMRN, YHOO, HAL, CREE, INTC, LOGI, IBM)
The companies whose shares are moving in pre-market trade Wednesday are: United Rentals, Csx Corp, Seagate Technology, Amarin Corp, Yahoo!, Halliburton, Cree, Intel Corp, Logitech International and International Business machines Corp.
United Rentals Inc. (URI) stock surged 10.85 percent to $45.35 in pre-market session. The company swung to first quarter net profit of $13 million or $0.17 per share compared to net loss of $20 million or $0.34 per share in the same period a year-ago Revenue rose to $656 million from $523 million in the same quarter last year, while analysts' expected net income of $0.05 per share on revenues of $609.95 million.
Csx Corp. (CSX) surged 3.83 percent to $23.30 in pre-market session. Its first quarter net profit rose to $449 million or $0.43 per share from $395 million or $0.35 per share in the same period a year-earlier. Revenue was $2.97 billion, up from $2.8 billion last year. Analysts' expected net profit of $0.38 per share on revenue of $2.93 billion.
Seagate Technology Plc. (STX) stock surged 3.08 percent to $28.75 in pre-market trade as its third quarter earnings topped estimates. Net income for the quarter surged to $1.15 billion or $2.48 per share from $93 million or $0.21 per share in the same quarter last year, while analysts' expected net profit of $2.11 per share.
Amarin Corp plc. (AMRN) gained 3.26 percent to $9.83 in pre-market session. The stock has a 52-week low of $5.99, a 52-week high of $19.87 and $1.29 billion in market capitalization.
Yahoo! Inc. (YHOO) stock surged 3.13 percent to $15.48 in pre-market trade as its first quarter profit surged 28 percent on higher search revenues. Net profit rose to $286.3 million or $0.23 per share from $223.0 million or $0.17 per share in the same period last year, while analysts' expected net income of $0.17 per share.
Halliburton Co (HAL) stock advanced 1.65 percent to $33.20 in pre-market trade. The company reported first quarter net income of $627 million or $0.68 per share, up from $511 million or $0.56 per share in the same quarter last year.
Cree, Inc. (CREE) stock slumped 7.84 percent to $29.40 in pre-market session. The company reported third quarter net profit of $9.5 million or $0.08 per share, sharply down from $18.9 million or $0.17 per share in the same period last year.
Intel Corp. (INTC) stock plunged 3.23 percent to $27.55 in pre-market session. The company reported first quarter net profit of $2.74 billion or $0.53 per share, down from $3.16 billion or $0.56 per share in the same period last year as research expense increased to $2.4 billion from $1.9 billion last year. Revenue rose to $12.9 billion from $12.85 billion last year, while analysts' expected net profit of $0.50 per share on revenue of $12.84 billion.
Logitech International SA (LOGI) stock declined 3.08 percent to $7.88 in pre-market session. The stock has a 52-week low of $7.10, a 52-week high of $14.22 and $1.40 billion in market capitalization.
International Business machines Corp. (IBM) stock declined 2.39 percent to $202.50 in pre-market trade as its first quarter revenue fell short of expectations. The company reported first quarter net income of $3.07 billion or $2.61 per share, up from $2.86 billion or $2.31 per share in the same period last year. Revenue rose to 0.3 percent to $24.67 billion, but fell short of analysts' estimation of $24.77 billion.
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