The companies whose shares are moving in pre-market trade on Thursday are: Netflix, Teradyne, Qualcomm, Symantec, AT&T, Goodyear Tire & Rubber and Procter & Gamble.
Netflix Inc. (NASDAQ:NFLX) shares surged 13.04 percent to $206.96 in pre-market trading session. The company reported better-than-expected fourth-quarter earnings on late Wednesday as subscribers rose 63 percent from the same period a year-ago. Profit was $47.1 million or 87 cents a share, up from $30.9 million or 56 cents a share last year. Revenue rose to $595.9 million from $444.5 million.
Teradyne Inc. (NYSE:TER) shares surged 12.37 percent to $16.44 in pre-market trading session on Thursday. The company’s fourth quarter profit more than tripled from last year on back of strong margin expansion and revenue growth. Its first quarter earnings and revenue outlook also topped analysts’ estimates.
Qualcomm Inc. (NASDAQ:QCOM) shares gained 6.05 percent to $55.00 in pre-market trading hours. The company reported higher-than-expected first quarter earnings and revenue. Profit was $1.2 billion or 71 cents a share, up from $0.84 billion or 50 cents a share last year. Adjusted earnings were $1.34 billion or 82 cents a share. Revenue rose to $3.35 billion from $2.67 billion.
Symantec Corp. (NASDAQ:SYMC) shares gained 5.13 percent to $18.71 in pre-market trading session. Jefferies upgraded SYMC stock to “buy” from “hold” and raised its price target from $17 to $20.
AT&T Inc. (NYSE:T) shares declined 3.03 percent to $27.86 in pre-market trading session. The company’s fourth quarter revenue missed analysts’ expectations and its wireless subscriber growth was also slower than expected in its final quarter.
Goodyear Tire & Rubber Co. (NYSE:GT) shares declined 2.8 percent to $12.15 in pre-market trading session. The company stock was downgraded to a “Neutral” rating from “Buy” rating at Goldman Sachs.
Procter & Gamble Co. (NYSE:PG) shares declined 2.36 percent to $64.55 in pre-market trading session. The company is likely to post second quarter net income of $1.10 per share compared to $1.49 per share in the same quarter a year-ago.