Pre-Market NASDAQ Movers (CSCO, PWER, EMITF, NVDA, MU, GMCR, OPNT, KLIC, BPAX, KITD)
The top pre-market NASDAQ Stock Market gainers are: Cisco Systems, Power-One, Elbit Imaging, NVIDIA, and Micron Technology. The top pre-market NASDAQ Stock Market losers are: Green Mountain Coffee Roasters, OPNET Technologies, Kulicke & Soffa Industries, BioSante Pharmaceuticals, and KIT digital.
Gainers
Cisco Systems, Inc. (CSCO) stock grew 6.53 percent to $18.76 in the pre-market trading. Adjusted profit for the first quarter was $2.32 billion or $0.43 per share, compared to $2.41 billion or $0.42 per share last year. Sales rose to $11.26 billion from $10.75 billion. Analysts had expected profit of $0.39 per share on revenue of $11.02 billion. Looking ahead into the second quarter, the company expects adjusted earnings of $0.42 to $0.44 per share and sales growth of 7 percent to 8 percent over last year implying revenue of $11.14 billion to $11.24 billion, while Street predicts profit of $0.42 per share on revenue of $11.13 billion with sales growth of 7 percent.
Power-One Inc. (PWER) stock grew 5.83 percent to $5.63 in the pre-market trading.
Elbit Imaging Ltd. (EMITF) stock gained 3.90 percent to $3.46 in the pre-market trading.
NVIDIA Corp. (NVDA) stock increased 3.35 percent to $14.80 in the pre-market trading, ahead of it releasing third quarter earnings results after the market closes. Street analysts predict profit of $0.26 per share on revenue of $1.06 billion, compared to last year's profit of $0.15 per share and revenue of $843.81 million.
Micron Technology Inc. (MU) stock rose 3.18 percent to $5.52 in the pre-market trading.
Losers
Green Mountain Coffee Roasters Inc. (GMCR) stock plunged 29.05 percent to $47.55 in the pre-market trading. Adjusted profit for the fourth quarter was $74.3 million or $0.47 per share, up from $33.3 million or $0.24 per share last year. Sales grew 91 percent to $711.88 million. Analysts had expected profit of $0.48 per share on revenue of $760.48 million. Looking ahead into the first quarter, the company expects adjusted earnings of $0.35 to $0.40 per share and sales growth of 85 percent to 90 percent, while Street predicts profit of $0.35 per share on sales growth of 81.50 percent. For the fiscal 2012, the company still expects its adjusted earnings of $2.55 to $2.65 per share and sales growth of 60 percent to 65 percent, while Street predicts profit of $2.62 per share on sales growth of 61.40 percent.
OPNET Technologies Inc. (OPNT) stock plummeted 11.73 percent to $40.04 in the pre-market trading. Adjusted profit for the second quarter was $5.48 million or $0.24 per share, up from $3.46 million or $0.16 per share last year. Revenue grew 16 percent to $41.92 million. Analysts had expected profit of $0.24 per share on revenue of $43.23 million. Looking ahead into the third quarter, the company expects adjusted earnings of $0.24 to $0.36 per share and revenue of $44 million to $49 million, while Street predicts profit of $0.29 per share on revenue of $47.07 million. The company also announced a quarterly dividend of $0.12 per share, which represents one quarter of its fiscal 2012 annual dividend target of $0.48. The dividend is payable on Dec. 28 to stockholders of record as of the close of business on Dec. 14.
Kulicke & Soffa Industries Inc. (KLIC) stock fell 7.11 percent to $8.49 in the pre-market trading. Profit for the fourth quarter was $1.9 million or $0.03 per share, lower than last year's $56.1 million or $0.78 per share last year. Revenue fell 30.4 percent to $180.37 million. Analysts had expected profit of $0.27 per share on revenue of $164.31 million. Looking ahead into the first quarter, the company expects revenue of $100 million to $120 million, citing the current uncertain economic environment in addition to typical industry seasonality, while Street predicts $159.27 million.
BioSante Pharmaceuticals, Inc. (BPAX) stock declined 2.42 percent to $2.42 in the pre-market trading. Loss for the third quarter was $12.73 million or $0.12 per share, compared to a loss of $11.59 million or $0.16 per share last year. Revenue rose to $182,784 from $51,331. Analysts had expected a loss of $0.14 per share on revenue of $30,000.
KIT digital, Inc. (KITD) stock decreased 1.87 percent to $11 in the pre-market trading.
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