Baidu.com, Goodyear Tire & Rubber, NXP Semiconductors, Telecom Italia, Elan Corp, Infosys Ltd, Banco Santander and Barclays Plc. are among the companies whose shares are moving in pre-market trading Tuesday.
Baidu.com, Inc. (BIDU) stock climbed 6.44 percent to $114.00 in pre-market trading. The Chinese search engine company reported the second quarter net profit of 7.86 renminbi or $1.24 per American Depositary Share (ADS), up from 4.67 renminbi or $0.72 per ADS in the same quarter a year ago while analysts expected a net profit of $1.12 per share.
Goodyear Tire & Rubber Co. (GT) stock gained 2.09 percent to $10.25 in pre-market trading. The company stock was upgraded to neutral rating from sell rating at Goldman with a price target of $13.
NXP Semiconductors NV (NXPI) stock rose 1.87 percent to $22.39 in pre-market trading. The company reported the second quarter adjusted net income of $0.45 per share on revenues of $1.09 billion while analysts polled by Thomson Reuters expected a net income of $0.40 per share on revenues of $1.05 billion.
Telecom Italia S.p.A. (TI) stock gained 1.18 percent to $7.70 in pre-market trading. Analysts at Credit Suisse raised price target on shares of TI to $27.00 from $26.00.
Elan Corp, Plc (ELN) stock slumped 16.14 percent to $11.33 in pre-market trading on news that a drug developed by Pfizer, Johnson & Johnson and Elan to treat Alzheimer's disease failed to show effectiveness in a late-stage clinical trial.
Infosys Ltd. (INFY) stock plunged 4.64 percent to $37.00 in pre-market trading. The company announced Monday that it would expand its presence in the United States with a new delivery center in Milwaukee, Wisconsin.
Banco Santander, S.A. (SAN) stock declined 2.72 percent to $5.01 in pre-market trading. The stock has a 52-week low of $4.97, a 52-week high of $11.30 and $46.75 billion in market capitalization.
Barclays Plc. (BCS) stock declined 1.88 percent to $9.40 in pre-market trading. The stock has a 52-week low of $8.38, a 52-week high of $16.41 and $29.30 billion in market capitalization.