Pre-Market NASDAQ Movers (MNKD, PCLN, ASMI, WWWW, QGEN, IPSU, MIPS, HNSN, FSLR, TSLA)
The top pre-market NASDAQ Stock Market gainers are: MannKind, priceline.com, ASM International, Web.com Group, and Qiagen. The top pre-market NASDAQ Stock Market losers are: Imperial Sugar, MIPS Technologies, Hansen Medical, First Solar, and Tesla Motors.
Gainers
MannKind Corp. (MNKD) stock jumped 17.71 percent to $3.19 in the pre-market trading. Loss for the second quarter was $44.48 million or $0.37 per share, compared to a loss of $42.25 million or $0.37 per share last year, while Street has expected a loss of $0.31 per share.
priceline.com Inc. (PCLN) stock grew 9.90 percent to $531.20 in the pre-market trading. Adjusted profit for the second quarter was $282.6 million or $5.49 per share, higher than last year's $158.2 million or $3.09 per share. Revenue grew 44 percent to $1.1 billion. Analysts had expected profit of $4.87 per share on revenue of $1.07 billion. For the third quarter, the company expects adjusted earnings of $9.10 to $9.30 per share and revenue growth of 37 percent to 42 percent, while Street predicts profit of $7.94 per share on revenue growth of 35.90 percent.
ASM International NV (ASMI) stock gained 6.70 percent to $24.86 in the pre-market trading.
Web.com Group, Inc. (WWWW) stock increased 6.08 percent to $11 in the pre-market trading.
Qiagen NV (QGEN) stock rose 5.60 percent to $15.85 in the pre-market trading.
Losers
Imperial Sugar Co. (IPSU) stock plunged 44.76 percent to $12.81 in the pre-market trading. Loss for the third quarter widened to $16.1 million or $1.35 per share from $5.7 million or $0.48 per share last year, as higher raw sugar cost along with lower volumes reduced gross margin. Sales declined to $196.99 million from $260.98 million. Analysts had expected a profit of $0.52 per share on revenue of $222.18 million.
"Our raw sugar costs in the fourth fiscal quarter should see little relief, while sales prices thus far in the fourth quarter have only improved modestly," said John Sheptor, president and CEO of Imperial Sugar.
"The company is reviewing potential operating and capital improvements, particularly in the utilities, raw sugar melt and water management areas of the refinery, to begin addressing mechanical reliability in these operations. These areas, which were not part of the reconstruction efforts following the accident, have proved to be impediments to sustaining efficient operations at the production rates achieved prior to the accident," said Sheptor.
MIPS Technologies Inc. (MIPS) stock plummeted 28.69 percent to $4.35 in the pre-market trading. Adjusted profit for the fourth quarter was $2.27 million or $0.04 per share, down from $7.15 million or $0.15 per share last year. Revenue fell 24 percent to $17.6 million. Analysts had expected a profit of $0.07 per share on revenue of $19.72 million. In addition, the company said its vice president and chief financial officer Maury Austin plans to retire. The company is in the process of searching for a new CFO. Austin will continue in the role of CFO until a successor is named.
Hansen Medical, Inc. (HNSN) stock decreased 4.53 percent to $3.16 in the pre-market trading.
First Solar, Inc. (FSLR) stock declined 4.11 percent to $103.50 in the pre-market trading. Profit for the second quarter was $61.1 million or $0.70 per share, lower than last year's $159.0 million or $1.84 per share. Sales fell 9 percent to $533 million. Analysts had expected profit of $0.92 per share on revenue of $583.42 million. Looking ahead into the fiscal 2011, the company lowered its earnings guidance to range of $9.00 to $9.50 per share from previous forecast of $9.25 to $9.75 per share. The company reduced its revenue outlook to range of $3.6 billion to $3.7 billion from previous range of $3.7 billion to $3.8 billion. Street analysts predict profit of $9.24 per share on revenue of $3.75 billion.
Tesla Motors, Inc. (TSLA) stock decreased 3.39 percent to $23.91 in the pre-market trading.
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