The companies whose shares are moving in pre-market trade on Monday are: Roper Industries, Netflix, International Paper, Computer Sciences, Safeway, SUPERVALU, Chesapeake Energy, Boeing, Baker Hughes, Suntrust Banks, Micron Technology and EMC Corp.
Roper Industries Inc. (NYSE:ROP) shares surged 6.29 percent to $5.31 in pre-market trading session. The company reported second quarter net income of $106 million or $1.08 per share compared to $71.28 million or $0.74 per share in the same quarter last year.
For the full year, the company raised its earnings guidance to a range of $4.20 to $4.30 per share from its earlier estimation of $3.97 to $4.12 per share and against analysts’ estimation of $4.13 per share.
Netflix Inc. (NASDAQ:NFLX) shares advanced 1.6 percent to $280.90 in pre-market trading session. The company is expected to report second quarter net income of $1.11 per share compared to $0.80 per share in the same quarter last year.
International Paper Co. (NYSE:IP) shares plunged 3.86 percent to $29.67 in pre-market trading session. The stock has a 52 week low of $19.33 and 52 week high of $33.01 and has $13.49 billion market capitalization.
Computer Sciences Corp. (NYSE:CSC) shares declined 3.24 percent to $36.83 in pre-market trading session. The company stock was downgraded to “neutral” rating from “buy” rating at Goldman Sachs.
Safeway Inc. (NYSE:SWY) shares declined 3.01 percent to $20.30 in pre-market trading session. Barclays Capital lowered Safeway’s fiscal 2011 earnings estimate to $1.70 from $1.79 and fiscal 2012 earnings estimate to $1.80 from $1.85.
SUPERVALU Inc. (NYSE:SVU) shares declined 2.96 percent to $8.51 in pre-market trading session. The company has appointed Leon Bergmann as the new President of its Independent Business unit, replacing Mark Anderson, who is retiring later this summer.
Chesapeake Energy Co. (NYSE:CHK) shares declined 1.31 percent to $33.94 in pre-market trading session. Barclays Capital lowered Chesapeake Energy’s fiscal 2011 earnings estimate to $2.85 from $3.05 and fiscal 2012 earnings estimate to $2.65 from $2.75.
Boeing Co. (NYSE:BA) shares declined 2.33 percent to $70.98 in pre-market trading session. The company announced that it expects its 787 Dreamliner certification by September.
Baker Hughes Inc. (NYSE:BHI) shares declined 2.13 percent to $78.20 in pre-market trading session. Its second quarter net profit more than tripled to $338 million or $0.77 per share from $93 million or $0.23 per share in the same quarter a year-ago. Revenue rose to $4.74 billion, while analysts’ expected the company to report net income of $0.90 per share on $4.52 billion revenue.
Suntrust Banks Inc. (NYSE:STI) shares declined 2.7 percent to $25.25 in pre-market trading session. FBR Capital Markets Reiterates shares of STI at “market perform” rating with a price target of $30.
Micron Technology Inc. (NASDAQ:MU) shares declined 1.61 percent to $7.96 in pre-market trading session. The stock has a 52 week low of $6.36 and 52 week high of $11.95 and has $8.12 billion market capitalization.
EMC Corp. (NYSE:EMC) shares declined 1.3 percent to $27.40 in pre-market trading session.