The companies whose shares are moving in pre-market trade on Friday are: General Electric, Google, Micron Technology, Sara Lee, American International Group, Schlumberger and Biogen Idec.
General Electric Co (NYSE:GE) shares gained 3.53 percent to $19.10 in pre-market trading session as the company reported 52 percent growth in its quarterly profit that blew past estimates on growth in Technology Infrastructure and NBC Universal Businesses and lower costs.
American International Group, Inc. (NYSE:AIG) shares advanced 1.90 percent to $44.00 in pre-market trading session. A government watchdog agency on Thursday said that AIG financial health is showing signs of improvement because of the billions of dollars in taxpayer funds used to bail out the ailing insurer.
Micron Technology Inc. (NASDAQ:MU) shares advanced 1.87 percent to $9.78 in pre-market trading session on Friday. The company was upgraded to ‘buy’ from ‘hold’ at UBS.
Google Inc. (NASDAQ:GOOG) shares gained 1.47 percent to $636.00 in pre-market trading session following -than-expected quarterly earnings on late Thursday. Adjusted profit was $2.9 billion or $8.75 a share, up from $2.2 billion or $6.79 a share last year. Revenue rose 26 percent to $8.4 billion. Excluding traffic acquisition costs, revenue grew about 29 percent to $6.4 billion. Analysts had expected profit of $8.09 a share on revenue of $6.06 billion.
Schlumberger Ltd. (NYSE:SLB) shares advanced 2.05 percent to $87.03 in pre-market trading session as its fourth quarter net income jumped 31 percent due to surge in demand for oilfield services around the world along with the price of energy.
Sara Lee Corp. (NYSE:SLE) shares advanced 1.26 percent to $18.50 in pre-market trading. The stock has a 52 week low of $11.67 and 52 week high of $18.42 and has 639.27 million outstanding shares.
Bank of America Corp. (NYSE: BAC) declined 1.24 percent to $14.36 in pre-market trading session. The company posted a net loss of $1.2 billion, or $0.16 per share, for the fourth quarter, including a goodwill impairment charge of $2.0 billion in the Home Loans and Insurance segment. Excluding the charge, the company said it earned $756 million, or $ 0.04 per share.
Biogen Idec Inc. (NASDAQ:BIIB) shares declined 4.11 percent to $65.95 in pre-market trading session. The stock has a 52 week low of $45.96 and 52 week high of $68.99 and has 238.30 million outstanding shares.