The companies whose shares are moving in pre-market trade on Wednesday are: Oxford Industries, Cabot Oil & Gas, International Game Technology, Molycorp, LDK Solar Co, Radioshack, McDonalds, Gap, AK Steel Holding, Freeport-McMoRan Copper and Citigroup.
Oxford Industries, Inc. (NYSE:OXM) shares gained 4.17 percent to $35.70 in pre-market trading session. The company reported first quarter net income of $18 million or $1.10 per share compared to $12.5 million or $0.76 per share in the same quarter last year. For the full year, the company raised it earnings guidance to a range of $2.15 to $2.25 per share from its earlier estimation of $1.95 to $2.05 per share.
Cabot Oil & Gas Corp. (NYSE:COG) shares gained 1.72 percent to $56.87 in pre-market trading session. The stock has a 52 week low of $26.62 and 52 week high of $17.88 and has $1.60 billion market capitalization.
International Game Technology (NYSE:IGT) shares gained 1.61 percent to $16.36 in pre-market trading session. The company that its board of directors has authorized a share repurchase program of up to $500 million of the company's outstanding common stock.
Molycorp, Inc. (NYSE:MCP) shares declined 3.82 percent to $56.46 in pre-market trading session. The company announced that certain of its selling stockholders intend to offer 10,000,000 shares of MCP common stock in a registered public offering.
LDK Solar Co. Ltd. (NYSE:LDK) shares declined 3.52 percent to $6.85 in pre-market trading session as its second quarter revenue outlook fell short of expectations. The company expects second quarter revenue to be in a range of $710 million to $760 million, while analysts’ expects revenue of $771.68 million for second quarter.
Radioshack Corp. (NYSE:RSH) shares declined 2.73 percent to $12.84 in pre-market t trading session.
McDonalds Corp. (NYSE:MCD) shares declined 1.84 percent to $79.65 in pre-market trading session. Its global comparable store sales rose 3.1 percent in May.
Gap Inc. (NYSE:GPS) shares declined 2.57 percent to $17.45 in per-market trading session. The company reported a 4 percent sharp decline in its monthly shop sales in May.
AK Steel Holding Corp. (NYSE:AKS) shares declined 1.93 percent to $14.25 in pre-market trading session. The stock has a 52 week low of $26.62 and 52 week high of $60.13 and has $5.84 billion market capitalization.
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) shares declined 1.77 percent to $48.88 in pre-market trading session.
Citigroup Inc. (NYSE:C) shares declined 0.69 percent to $37.32 in pre-market trading session. The company agreed to sell a $1.7 billion portfolio of private-equity assets to an arm of insurance giant AXA SA.