Pre-market Movers For July 23 (GM, ITEK, FCAU, LUV, CARA, CAT, MINI)

(RTTNews) - Gainers:

General Motors Co. (GM) is up 6 percent to $32.18. The company's second quarter profit surged from the year-ago quarter and its adjusted earnings per share topped Wall Street expectations. Meanwhile, net revenue for the quarter declined and also missed the consensus estimate. The company reaffirmed its outlook for improved EBIT-adjusted and EBIT-adjusted margin for 2015.

Inotek Pharmaceuticals Corp. (ITEK) is surging 54 percent to $8.00 based on the news about positive end-of-phase 2 meeting with FDA and phase 3 development strategy for Trabodenoson, a novel treatment for Glaucoma.

Fiat Chrysler Automobiles N.V. (FCAU) is rising nearly 1 percent to $15.63. The company's subsidiary, New Business Netherlands N.V., to be renamed Ferrari N.V., has filed for a proposed initial public offering of common shares. Ferrari intends to apply to list its common shares on the NYSE.

Southwest Airlines Co. (LUV) is up 5 percent to $37.02. The company's second quarter earnings improved from the year-ago quarter and its adjusted earnings per share topped Street view. Total operating revenues for the quarter grew 2.0 percent, but missed the consensus estimate.

Cara Therapeutics Inc. (CARA) is up 26 percent to $20.00 following the company's announcement of statistically significant topline results from its Phase 2 trial of its lead kappa opioid agonist, CR845, for the treatment of moderate to severe uremic pruritus.

Decliners:

Caterpillar Inc. (CAT) is down 2 percent to $78.01. The company's second quarter earnings as well as sales and revenues declined from the year-ago quarter. Looking ahead, the company slashed its 2015 sales and revenue outlook and backed its earning guidance.

Trading halt:

Trading in shares of Mobile Mini, Inc. (MINI) was halted. The company's second quarter earnings per share and revenues were below Wall Street view.