Pre-Market Movers (Yahoo, Rio Tinto, PhotoMedex, Newmont Mining, VMware, New Oriental, Red Hat, Zynga)
Yahoo Inc, Rio Tinto, PhotoMedex, Newmont Mining, VMware, New Oriental Education, Red Hat and Zynga Inc. are among the companies whose shares are moving in the pre-market trading Tuesday.
Yahoo Inc (NASDAQ: YHOO) stock surged 2.95 percent to $20.91 in pre-market trading. The company reported fourth quarter net profit of $272 million or $0.23 per share, down from $295.6 million or $0.24 per share in the same period last year. Adjusted net profit was $0.32 per share compared to $0.25 per share last year and also topped Reuters' estimation of $0.28 per share.
Rio Tinto Plc (NYSE:RIO) stock gained 1.60 percent to $55.75 in pre-market trading. The stock has a 52-week low of $41.59, a 52-week high of $63.18 and $101.34 billion in market capitalization.
PhotoMedex Inc. (NASDAQ:PHMD) stock gained 1.16 percent to $14.80 in pre-market trading. The stock has a 52-week low of $9.85, a 52-week high of $19.18 and $314.23 million in market capitalization.
Newmont Mining Corp. (NYSE:NEM) stock advanced 1 percent to $43.25 in pre-market trading. TheStreet Ratings has reaffirmed “hold” rating on shares of Newmont Mining with a rating score of C+.
VMware Inc. (NYSE:VMW) stock plunged 14.67 percent to $83.90 in pre-market trading. Currently, the company expects first quarter revenue to be in a range of $1.17 billion to $1.19 billion, below the analysts’ estimation of $1.25 billion. VMware also announced that it would eliminate approximately 900 jobs and planned to exit certain lines of business and consolidation of facilities.
New Oriental Education & Tech Group (NYSE:EDU) stock slumped 2.23 percent to $17.50 in pre-market trading. The company reported second quarter net loss of $0.10 per ADS compared to net profit of $0.02 per share in the same period last year.
Red Hat Inc. (NYSE:RHT) stock declined 1.94 percent to $55.16 in pre-market trading. The stock has a 52-week low of $46.13, a 52-week high of $62.75 and $10.87 billion in market capitalization.
Zynga Inc. (NASDAQ:ZNGA) stock fell 1.41 percent to $2.80 in pre-market trading. The company stock rallied more than 14 percent in regular trading Monday.
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