Pre-Market Movers (Vertex Pharma, UBS, Barrick Gold, Microsoft, Newmont Mining, Google, Align Technology, IBM, Dell)
![Microsoft sign](https://d.ibtimes.com/en/full/1113393/microsoft-sign.jpg?w=736&f=97b906f58857d4a0e7eb2ef0248a2050)
Vertex Pharmaceuticals, UBS AG, Barrick Gold, Microsoft Corp, Newmont Mining, Google, Align Technology, International Business Machines and Dell Inc are among the companies whose shares are moving in the pre-market trading Friday.
Gainers
Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) stock rallied 52.26 percent to $80.50 in pre-market trading. The company announced Thursday that data from a Phase 2 study of VX-661 and ivacaftor showed statistically significant improvements in lung function among adults with cystic fibrosis (CF) who have two copies of the F508del mutation.
UBS AG (NYSE:UBS) stock climbed 4.81 percent to $15.92 in pre-market trading. The stock has a 52-week low of $9.78, a 52-week high of $17.66 and $56.92 billion in market capitalization.
Barrick Gold Corp. (NYSE:ABX) stock surged 3.17 percent to $18.55 in pre-market trading. The stock has a 52-week low of $17.51, a 52-week high of $43.30 and $18.00 billion in market capitalization.
Microsoft Corp. (NASDAQ:MSFT) stock gained 2.64 percent to $29.55 in pre-market trading. The company reported third quarter net profit of $6.06 billion or $0.72 per share, up from $5.11 billion or $0.60 per share in the same period last year and also topped Reuters' estimate of $0.68 per share. Quarterly revenues surged 18 percent to $20.49 billion compared to $17.41 billion in the same period a year earlier.
Newmont Mining Corp. (NYSE:NEM) stock surged 2.23 percent to $33.50 in pre-market trading. The stock has a 52-week low of $32.13, a 52-week high of $57.93 and $16.28 billion in market capitalization.
Google Inc. (NASDAQ:GOOG) stock advanced 1.82 percent to $779.85 in pre-market trading. Its first quarter net profit rose to $3.35 billion or $9.94 per share from $2.89 billion or $8.75 per share in the same quarter last year. Adjusted profit was $11.58 per share, up from $10.08 per share last year and also Reuters' estimate of a profit of $10.69 per share.
Losers
Align Technology Inc. (NASDAQ:ALGN) stock plunged 7.04 percent to $28.01 in pre-market trading. The company swung to first quarter net loss of $42.0 million or $0.52 per share compared to a net profit of $21.0 million or $0.26 per share in the same period last year. Currently, the company expects second quarter net profit to be in a range of $0.26 to $0.28 per share on revenues of $153.6 to $157.4 million, below analysts’ estimate of $0.30 per share on revenues of $158.85 million.
International Business Machines Corp. (NYSE:IBM) stock plunged 4.47 percent to $197.89 in pre-market trading. The company reported first quarter net profit of $3.03 billion or $2.70 per share, down from $3.07 billion or $2.61 per share in the same quarter last year. Quarterly revenues declined 5 percent to $23.41 billion and also fell short of Reuters' estimate of $24.69 billion.
Dell Inc. (NASDAQ:DELL) stock declined 2.94 percent to $13.54 in pre-market trading. The stock has a 52-week low of $8.69, a 52-week high of $16.61 and $24.37 billion in market capitalization.
© Copyright IBTimes 2024. All rights reserved.