Pre-Market Movers (Netflix, Chesapeake Energy, Nokia, Rio Tinto, Mellanox, Apple, Cirrus Logic, Allegheny, SanDisk)

By Satya Nagendra Padala | January 24 2013 6:12 AM

Netflix, Chesapeake Energy Corp, Nokia, Rio Tinto, Mellanox Technologies, Apple Inc, Cirrus Logic, Allegheny Technologies and SanDisk Corp. are among the companies whose shares are moving in the pre-market trading Thursday.

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The Apple Inc. logo is seen through raindrops on a window outside of the New York City flagship Apple store in New York, January 18, 2011.

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Netflix Inc. (NASDAQ:NFLX) stock climbed 34.86 percent to $139.26 in pre-market trading. The company reported fourth quarter net income of $7.90 million or $0.13 per share, sharply lower from $35.22 million or $0.64 per share in the same period last year but in line with analysts’ estimates. Quarterly revenue rose to $945.24 million compared to $875.56 last year and above analysts’ estimation of $934.12 million. The company also said it added more than 2 million members in the fourth quarter to end the year with over 27 million domestic buyers.

Chesapeake Energy Corp. (NYSE:CHK) stock gained 2.54 percent to $18.97 in pre-market trading. Methanex Corp and Chesapeake Energy on Wednesday announced the execution of a 10-year agreement to supply all of the natural gas required for Methanex's one million tonne per year methanol plant in Geismar, Louisiana.

Nokia Corp. (NYSE:NOK) stock rose 1.08 percent to $4.69 in pre-market trading. The stock has a 52-week low of $1.63, a 52-week high of $5.87 and $17.38 billion in market capitalization.

Rio Tinto plc (NYSE:RIO) stock advanced 1.05 percent to $56.06 in pre-market trading. The stock has a 52-week low of $41.59, a 52-week high of $63.18 and $102.47 billion in market capitalization.

Mellanox Technologies Ltd. (NASDAQ:MLNX) stock tumbled 19.52 percent to $41.60 in pre-market trading. The company warned Thursday that it expects first quarter revenue to be in a range of $78 to $83 million, well below analysts’ estimation for quarterly revenue of $130 million. The company also reported fourth quarter net profit of $18.44 million or $0.41 per share compared to $4.67 million or $0.11 per share in the same period last year.

Apple Inc. (NASDAQ:AAPL) stock slumped 8.46 percent to $470.50 in pre-market trading. The company reported that its first quarter net income rose less than 1 percent to $13.1 billion or $13.81 per share, above Reuters' estimation of net profit of $13.44 per share. Revenue rose 18 percent to $54.51 billion but missed analysts’ estimation of $54.73 billion. Apple also expects second quarter revenue to be in a range of $41 to $43 billion, below analysts’ estimation of $45 billion.

Cirrus Logic Inc. (NASDAQ:CRUS) stock plunged 3.17 percent to $29.00 in pre-market trading. The company is expected to report third quarter net profit of $1.41 per share on revenue of $285.84 million after the closing bell Thursday.

Allegheny Technologies Inc. (NYSE:ATI) stock plunged 3.11 percent to $29.89 in pre-market trading. Its fourth quarter net income declined to $10.5 million or $0.10 per share from $31.7 million or $0.29 per share in the same period last year.

SanDisk Corp. (NASDAQ:SNDK) stock declined 2.62 percent to $46.40 in pre-market trading. Its fourth quarter net income declined to $214 million or $0.87 per share from $281 million or $1.14 per share in the same quarter last year. Adjusted net profit was $1.05 per share compared to $1.29 per share last year and against analysts’ estimation of $0.76 per share.