The companies whose shares are moving in pre-market trade on Tuesday are: Lexmark International, Archer Daniels Midland, Novellus Systems, Advanced Micro Devices, Monster Worldwide, Eastman Chemical, BP and Ventas.
Lexmark International Inc. (NYSE:LXK) shares surged 6.20 percent to $37.00 in pre-market trading session after the company said its fourth quarter net income rose to $87.6 million or $1.10 per share from $59.8 million or $0.76 per share last year. The company also expects first quarter earnings of $1.18 to $1.28 per share on revenue of approximately $1.05 billion against analysts’ expectation of $1.16 per share on revenue of $1.05 billion.
Archer Daniels Midland Co. (NYSE:ADM) shares gained 3.89 percent to $33.94 in pre-market trading session as its second quarter earnings rose to $732 million or $1.14 per share, up from $567 million or $0.88 per share in the same quarter last year.
Novellus Systems Inc. (NASDAQ:NVLS) gained 3.44 percent to $37.31in pre-market trading session. Its fourth quarter net income rose to $81.50 million or $0.89 per share from $35.19 million or $0.36 per share in the same period a year-ago.
Advanced Micro Devices, Inc. (NYSE:AMD) shares gained 3.19 percent to $8.08 in pre-market trading session.
Monster Worldwide Inc. (NYSE:MWW) shares gained 1.74 percent to $16.94 in pre-market trading session.
Eastman Chemical Co. (NYSE:EMN) shares declined 3.08 percent to $90.00 in pre-market trading session. The company swung to a fourth quarter profit $19 million or $0.25 per share, helped by higher sales volume and increase selling prices.
Ventas Inc. (NYSE:VTR) shares declined 1.91 percent to $54.40 in pre-market trading session. The company announced today that it has agreed to sell 5,563,000 shares of its common stock to UBS Investment Bank, as sole underwriter, in an underwritten public offering.
Shares of BP Plc. (NYSE:BP) declined 1.62 percent to $46.70 in pre-market trading session on Tuesday after the company reported a full year loss thanks to the impact of last year's oil spill in the Gulf of Mexico.
For 2010, BP reported a pre-tax loss of $3.7 billion, down from a pre-tax profit of $16.6 billion in 2009. The group said that in the full year it took a $40.9 billion hit as a result of the oil spill.