The companies whose shares are moving in pre-market trade Tuesday are: Texas Instruments, Baker Hughes, Sprint Nextel, 3M Co, AT&T, Netflix, Big Lots, Waters Corp and Coach Inc.
Texas Instruments Inc. (TXN) stock surged 3.64 percent to $33.05 in pre-market session. The company reported first quarter net income of $265 million or $0.22 per share compared to $666 million or $0.55 per share in the same quarter a year ago. Revenue declined to $3.12 billion from $3.39 billion last but above the analysts’ estimation of $3.06 billion.
Baker Hughes Inc. (BHI) stock surged 3.14 percent to $42.36 in pre-market session. The company reported first quarter net profit of $379 million or $0.86 per share, down from $381 million or $0.87 per share in the same period a year-ago, while analysts expected net income of $0.80 per share.
Sprint Nextel Corp. (S) stock advanced 2.56 percent to $2.40 in pre-market trade. The stock has a 52-week low of $2.10, a 52-week high of $6.45 and $7.01 billion in market capitalization.
3M Co. (MMM) stock gained 2.74 percent to $89.52 in pre-market session. Its first quarter net income rose to $1.13 billion or $1.59 per share from $1.08 billion or $1.49 per share in the same period a year-earlier, while analysts expected net profit of $1.49 per share.
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The company currently expects fiscal 2012 earnings to be in arrange of $6.35 to $6.50 per share compared to prior estimation of $6.25 to $6.50 per share and against analysts estimation of $6.32 per share.
AT&T Inc. (T) stock gained 1.73 percent to $31.14 in pre-market session. Its first quarter net income surged to $3.58 billion or $0.60 per share from $3.41 billion or $0.57 per share in the same period last year due to strong 4G mobile data sales and wireless margins.
Netflix Inc. (NFLX) stock slumped 15.14 percent to $86.42 in pre-market session. The company swung to first quarter net loss of $4.6 million or $0.08 per share compared to net profit of $60.2 million or $1.11 per share in the same quarter last year. Revenue rose to $869.8 million from $718.6 million last year, while analysts expected a net loss of $0.27 per share on revenue of $868.57 million.
Big Lots Inc. (BIG) stock slumped 14.24 percent to $39.20 in premarket session after lowering its outlook for first-quarter comparable store sales in the US. The company currently expects U.S. comparable store sales to be slightly negative” compared to its prior estimation of 2 to 4 percent growth.
Waters Corp. (WAT) stock plunged 6.78 percent to $82.35 in pre-market session. The company reported first quarter net income of $88.67 million or $0.98 from per share, down from $94.49 million or $1.01 per share in the same period last year and also fell short of analysts estimation of $1.09 per share.
Coach Inc. (COH) stock fell 3.49 percent to $72.50 in pre-market session. The company reported first quarter net income of $225 million or $0.77 per share, up from $186 million or $0.62 per share in the same period last year and against analysts’ estimation of $0.75 per share.