Pre-market Movers For May 7 (BABA, YHOO, ZNGA, TSLA, PCLN, VC, QLTY, VRSK, GMCR)

(RTTNews) - Gainers:

Alibaba Group Holding Limited (BABA) is up 10 percent to $88.40 as the company's fourth quarter revenue increased 45 percent and came above Street view, mainly driven by the continuing rapid growth of its China commerce retail business. Meanwhile, the company's first quarter earnings declined 48 percent from the year-ago quarter. Alibaba also announced that Daniel Zhang will become its CEO.

Yahoo! Inc. (YHOO) is rising 7 percent to $44.75.

Visteon Corp. (VC) is gaining over 2 percent to $104.50 after reporting higher earnings and sales compared to the year-ago quarter.

Quality Distribution Inc. (QLTY) is surging 16 percent to $15.82 as it has agreed to be acquired by funds advised by Apax Partners for approximately $800 million, including the assumption of debt, or $16.00 per share in cash.

Zynga, Inc. (ZNGA) is up 6 percent to $2.77. The company's first quarter net loss on a GAAP basis narrowed from the year-ago quarter and its adjusted loss per share topped Street view. Revenue and booking for the quarter increased and came above the consensus estimate. Zynga also announced a cost reduction plan, including cutting approximately 18 percent of current workforce across its studios.

Decliners:

Tesla Motors, Inc. (TSLA) is down 2 percent to $224.27 as its first quarter net loss widened from the year-ago quarter on a GAAP basis. Meanwhile, the company's adjusted results topped Wall Street expectations.

Priceline Group Inc. (PCLN) is down nearly 3 percent to $1,229.00 as it guided second quarter non-GAAP earnings per share below Street view. Meanwhile, the company's first quarter non-GAAP earnings per share and revenues were above analysts' expectations.

Verisk Analytics, Inc. (VRSK) is falling 3 percent to $70.30 based on the news that it has priced an offering of 9.64 million shares of its Class A common stock at $70.00 per share.

Keurig Green Mountain, Inc. (GMCR) is falling 10 percent to $96.36 as its second quarter results were below analysts' estimates. The company provided weak third quarter guidance and also slashed its fiscal year 2015 forecast.

Whole Foods Market, Inc. (WFM) is down 14 percent to $41.10 as its second quarter sales missed Wall Street expectation. At the same time, the company's first quarter earnings were higher than in the year-ago quarter. The company targets fiscal year 2015 sales growth of over 9 percent and comparable store sales growth in the low to middle single digits.