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06.02.2014 14:55:07

Pre-market Movers For Feb 6 (GM, AOL, GMCR, PRGO, AKAM, TWTR, SNE, P)

(RTTNews) - Gainers:

AOL Inc. (AOL) is rising 5 percent to $50.00. The company's fourth quarter profit improved from the previous year period. Total revenues improved and topped the consensus estimate.

Green Mountain Coffee Roasters, Inc. (GMCR) is jumping 40 percent to $113.60 based the news that Coca-Cola Co. (KO) will take a 10 percent minority equity stake in the company for about $1.25 billion. The companies have signed a 10-year global strategic partnership. GMCR's first quarter adjusted earnings per share topped Wall Street view, while its sales missed the consensus estimate. The company forecast second quarter earnings below Street view and fiscal year 2014 earnings in line with analysts' estimate.

Perrigo Co. (PRGO) is rising 2 percent to $157.15. The company slipped to a loss in its second quarter, while adjusted earnings per share came in above Street view. Net Sales rose 11 percent, but missed the consensus estimate. The company currently forecast fiscal 2014 adjusted earnings per share in line with analysts' estimate.

Akamai Technologies, Inc. (AKAM) is gaining nearly 17 percent to $55.40 following the release of its quarterly results.

Decliners:

General Motors Co. (GM) is down 4 percent to $33.76. The company's fourth quarter profit was flat with the year-ago quarter, while earnings per share missed Wall Street view. Revenue for the quarter improved 3 percent, but missed the consensus estimate.

Twitter, Inc. (TWTR) is falling 22 percent to $51.47. The company's fourth quarter net loss widened from the year-ago quarter. On an adjusted basis, the company reported a profit in its first quarterly report post-IPO. Revenue for the quarter jumped 116 percent and topped the consensus estimate. The company also forecast first quarter and full year 2014 revenue above analysts' expectations.

Sony Corp. (SNE) is down 5 percent to $15.11. The company swung to a profit in its third quarter, as revenues increased benefiting from favorable currency impact. The company currently expects to report a loss for the fiscal year and lowered its operating income and income before taxes guidance. In addition, Sony confirmed its plan to sell its PC business, currently operated under the VAIO brand, to Japan Industrial Partners Inc. The company further noted that its target of returning the TV business to profitability will not be achieved in fiscal 2013. The company also expects to cut around 5,000 jobs by the end of fiscal 2014.

Pandora Media, Inc. (P) is falling 9 percent to $32.35. The company's calendar fourth quarter earnings and sales were higher than in the year-ago quarter. The company raised its fiscal year 2014 guidance, but below analysts' expectations.

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Aktien in diesem Artikel

Akamai Inc. 93,18 5,22% Akamai Inc.
General Motors 52,56 -0,61% General Motors
Perrigo Company PLC 27,08 0,67% Perrigo Company PLC
Sony Corp. 18,81 -0,29% Sony Corp.