Facebook Inc, Power One, Gilead Sciences, SAP AG, Netflix Inc, Questcor Pharmaceuticals, Norfolk Southern Corp and Nokia Corp are among the companies whose shares are moving in pre-market trading Wednesday.
Facebook Inc. (FB) stock rallied 13.38 percent to $22.11 in pre-market trading. The company swung to the third quarter net loss of $59 million or $0.02 per share compared to the net income of $150 million or $0.10 per share in the same period last year. But the adjusted net income was $311 million or $0.12 per share compared to $273 million or $0.12 per share last year and topped Reuters’ estimate of $0.11 per share. Revenue surged 32 percent to $1.26 billion from the same period last year, above analysts’ estimate of $1.23 billion.
Power One Inc. (PWER) stock climbed 11.03 percent to $4.63 in pre-market trading. The stock has a 52-week low of $3.51, a 52-week high of $7.16 and $509.79 million in market capitalization.
Gilead Sciences Inc. (GILD) stock surged 3.19 percent to $66.98 in pre-market trading. The company reported the third quarter net profit of $675.5 million or $0.85 per share, down from $741.1 million or $0.95 per share in the same period last year. The adjusted net profit was $788.9 million or $1.00 per share, down from $795.2 million or $1.02 per share in the same period last year, but topped Reuters’ estimate of $0.94 per share.
SAP AG (SAP) stock gained 1.88 percent to $71.00 in pre-market trading. The company currently expects full-year revenue from software and software-related service to increase in a range of 10.5 to 12.5 percent, up from a 10 to12 percent forecast provided in July.
Netflix, Inc. (NFLX) stock tumbled 17.17 percent to $56.51 in pre-market trading. Its third quarter net income plunged to $7.68 million or $0.13 per share from $62.46 million or $1.16 per share in the same period last year. The company expects the fourth quarter results to be in a range of between a net loss of $0.23 per share and the net earnings of $0.04 per share compared to analysts’ estimate of loss of $0.08 per share.
Questcor Pharmaceuticals, Inc. (QCOR) stock plunged 4.67 percent to $24.72 in pre-market trading. The company reported the third quarter net profit of $55.69 million or $0.91 per share compared to $22.85 million or $0.35 per shares in the same period last year. Revenue rose to $140.34 million from $59.82 million in the same quarter last year.
Norfolk Southern Corp. (NSC) stock declined 2.32 percent to $64.48 in pre-market trading. Its third quarter net profit declined to $402 million or $1.24 per share from $554 million or $1.59 per share in the same period last year. Revenue declined to $2.7 billion from $2.9 billion last year while analysts expected a net profit of $1.23 per share on revenues of $2.71 billion.
Nokia Corp. (NOK) stock declined 1.87 percent to $2.63 in pre-market trading. The stock has a 52-week low of $1.63, a 52-week high of $7.38 and $10.04 billion in market capitalization.