Pre-Market Movers (Facebook, Baidu.com, Tripadvisor, Logitech, F5 Networks, Sequenom, Crocs, USEC, ABB, Western Digital)

 
on July 25 2013 7:56 AM

Facebook Inc, Baidu.com Inc, Tripadvisor, Logitech International SA, F5 Networks Inc, Sequenom Inc, Crocs Inc, USEC Inc, Western Digital Corp, and ABB Ltd are among the companies whose shares are moving in pre-market trading on Thursday.

Gainers

Facebook Inc (NASDAQ:FB) stock jumped 17.28 percent to $31.09 in pre-market trading. Several Wall Street brokerages including JP Morgan and Morgan Stanley raised their target price on Facebook's stock after the company reported robust earnings and significant revenue growth from its mobile advertising business, on Wednesday. The social media company reported second-quarter earnings of 19 cents a share on revenue of $1.81 billion, compared with a loss of 8 cents a share on revenue of $1.18 billion, in the year-ago quarter. Analysts polled by Reuters expected the company to post earnings of 9 cents a share on revenue of $1.62 billion.

Baidu.com Inc (NASDAQ:BIDU) stock surged 12.73 percent to $127.80 in pre-market trading. The company’s shares rose after the Chinese Internet search giant reported second-quarter earnings and revenue forecast that beat analysts’ expectations. The company reported a net income of RMB2.64 billion ($430.8 million) for the second quarter, down from RMB2.77 billion, a year earlier. Excluding one-time items, company earnings stood at RMB7.75 ($1.26) a share against analysts’ expectation of $1.21.

Tripadvisor Inc (NASDAQ:TRIP) stock advanced 11.22 percent to $68.00 in pre-market trading. The travel website operator on Thursday reported a 26 percent increase in second-quarter profit and its adjusted earnings beat market expectations. The company’s adjusted net income was 52 cents a share on revenue of $246.9 million, compared with 37 cents a share earned a year earlier. Analysts polled by FactSet expected the company to report adjusted earnings of 49 cents per share on revenue of $236.8 million.

Logitech International SA (NASDAQ:LOGI) shares rose 13.14 percent to $7.32 in pre-market trading. The company, on Wednesday, reported a net income of $1.04 million or $0.01 a share for the first quarter, compared to a net loss of $51.37 million or $0.32 a share, in the year-ago quarter. Analysts polled by Reuters expected the company to report a loss of $0.09 a share for the quarter.

F5 Networks Inc (NASDAQ:FFIV) stock rose 8.70 percent to $88.50 in pre-market trading. The company reported earnings of $68.2 million or $0.86 a share for the quarter ended June, compared to $72.3 million or $0.91a share in the year-ago quarter. Excluding items, the company’s earnings stood at $84.4 million or $1.12 a share, beating analysts’ consensus estimate of $1.08 a share.  

Losers

Sequenom Inc (NASDAQ:SQNM) stock plunged 34.12 percent to $3.09 in pre-market trading. The company’s shares declined after it reported a second-quarter net loss of $31.0 million, or $0.27 a share, versus a net loss of $29.6 million, or $0.26 a share in the same period a year earlier. Analysts polled by Reuters estimated Sequenom to post a loss of $0.22 a share.   

Crocs Inc (NASDAQ:CROX) declined 23.56 percent to $12.98 in pre-market trading. Crocs’s shares fell after the company reported second-quarter adjusted earnings, revenue and earnings forecast missed analysts’ expectations. The Colorado-based company reported net income of $35.36 million or $0.40 a share for the second quarter, down from $61.52 million or $0.68 a share in the year-ago quarter. Adjusted earnings for the quarter were $43.08 million or $0.48 a share, against analysts’ estimate of $0.64 a share.

USEC Inc (NYSE:USU) stock declined 10.04 percent to $12.01 in pre-market trading. The company's shares rose more than 7 percent in regular trade Wednesday.

ABB Ltd (NYSE:ABB) stock fell 5.10 percent to $21.79 in pre-market trading. The company reported an increase of 16 percent in its second-quarter profit at $763 million, or $0.33 a share on revenues of $10.23 billion, up from earnings of $656 million, or $0.29 a share registered a year ago. Analysts surveyed by Reuters expected a profit of $0.35 a share on revenue of $10.29 billion.

Western Digital Corp (NASDAQ:WDC) shares rallied 4.93 percent to $64.20 in pre-market trading after the company announced fourth quarter profit at $416 million, which declined 44 percent from $745 million reported in the year-ago quarter.

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