Pre-market Movers For July 17 (BAC, YHOO, MAT, DELL, TXT, CASM)

(RTTNews) - Gainers:

Bank of America Corp. (BAC) is rising 0.79 percent to $14.03. The company's second quarter profit improved 63 percent and topped Wall Street view. The company noted that its quarterly results were driven by year-on-year increases in net interest income, investment and brokerage income, investment banking fees, sales and trading revenue, equity investment income and credit quality as well as expense reductions.

Yahoo! Inc. (YHOO) is up almost 2 percent to $27.40. The company's second quarter GAAP profit improved 46 percent from the prior year and its adjusted earnings per share topped Wall Street view. Revenues, excluding traffic acquisition costs, declined 1 percent and missed the consensus estimate. GAAP revenue for the quarter decreased 7 percent. The company also lowered its full-year revenue forecast.

Decliners:

Mattel, Inc. (MAT) is down 4 percent to $44.35. The company's second quarter profit declined from the prior year period and missed Street view. Net sales also missed the consensus estimate. Barbie brand sales fell 12 percent. The company declared a third-quarter dividend and increased its share repurchase program by $500 million.

Dell Inc. (DELL) is down over 1 percent to $12.83. Dell's Special Committee recommended its shareholders to reject Carl Icahn's proposal and urged to vote for the white card at the Special Meeting to be held on July 18.

Textron Inc. (TXT) is down 5 percent to $26.30. The company's second quarter profit declined from the last year period, but topped analysts' estimate. Total revenues for the quarter fell from the prior year period, primarily reflecting lower business jet deliveries, and missed the consensus estimate. Textron confirmed its 2013 earnings per share from continuing operations guidance.

Trading halt:

Trading in shares of CAS Medical Systems Inc. (CASM) was halted. The company announced that it has priced an underwritten public offering of 5.2 million common shares at $1.25 per share, resulting in gross proceeds of $6.5 million. The company plans to use the net proceeds from this offering for general corporate purposes.