Pre-market movers on May 10 (DF, IHG, CCL, XRX, AMD, MDT, BCS, TC, DHX, ADM ).
Dean Foods Co. (NYSE:DF) shares climbed 8.38 percent to $11.90 in pre-market trading session after the company raised its fiscal 2011 earnings forecast. The company now expects fiscal 2011 earnings to be in the range of $0.67 to $0.75 per share compared to its earlier estimation of $0.55 to $0.65 per share and against analysts' estimation of $0.58 per share.
InterContinental Hotels Group Plc. (NYSE:IHG) shares gained 2.46 percent to $21.22 in pre-market trading session after the group reported a rise in revenue and operating profit in the first quarter ended 31 March. Revenue in the period rose nine per cent to $396 million, while operating profit increased 35 per cent to $112 million. The group said that it had also managed to cut its net debt from $1.1 billion to $846 million.
Carnival Corp. (NYSE:CCL) shares advanced 2.25 percent to $40.50 in pre-market trading session.
Xerox Corp. (NYSE:XRX) shares gained 2.06 percent to $10.39 in pre-market trading session after the company reiterated its fiscal 2011 growth. The company expects its 2011 earnings to be in the range of $1.05 to $1.10 per share against analysts' expectations of $1.08 per share on revenues of $22.86 billion.
Advanced Micro Devices Inc. (NYSE:AMD) shares advanced 2.01 percent to $9.12 in pre-market trading session. The stock has a 52 week low of $5.53 and 52 week high of $9.78 and has $6.14 billion market capitalization.
Medtronic Inc. (NYSE:MDT) shares advanced 1.56 percent to $42.90 in pre-market trading session. Oppenheimer raised their price target on shares of MDT to $48.00 from $42.00 and maintained an "outperform" rating on the stock.
Barclays Plc. (NYSE:BCS) shares advanced 1.61 percent to $18.30 in post market trading session.
Thompson Creek Metals Co, Inc. (NYSE:TC) shares advanced 1.41 percent to $10.82in pre-market trading session. The company announced that it plans to offer $300 million in senior unsecured notes.
Dice Holdings, Inc. (NYSE:DHX) shares plunged 5.59 percent to $16.20 in pre-market trading session. The company announced a public offering of 8,000,000 shares of common stock by certain stockholders, including affiliates of General Atlantic LLC and Quadrangle Group LLC.
Archer Daniels Midland Co. (NYSE:ADM) shares declined 1.64 percent to $33.55 in pre-market trading session. The company stock was downgraded to "underperform" rating from "buy" rating at BofA Merrill Lynch.
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|Publication:||International Business Times - US ed.|
|Date:||May 10, 2011|
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