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

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

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.

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.

 

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