Expedia Inc., Barclays Plc, Synacor, Amgen, Nokia Corp., Starbucks Corp., Facebook, Logitech International, Newmont Mining and Zynga Inc. are among the companies whose shares are moving in the premarket trading Friday.
Expedia Inc. (EXPE) stock climbed 11.14 percent to $50.80 in the premarket trading. The company reported second-quarter adjusted net income of $125 million, 89 cents per share, up from $100.6 million, or 72 cents per share, a year earlier. The most recent results topped analysts’ estimate of 71 cents per share.
Barclays Plc. (BCS) stock surged 4.44 percent to $10.12 in the premarket trading after posting the first-half profit above analysts’ estimates. Its adjusted net profit rose to 4.2 billion pounds in the first six months of this year, well above the industry analysts’ estimate of 3.8 billion pounds. The bank again apologized to its shareholders for its part in the Libor rate-rigging scandal that claimed its former CEO, Bob Diamond.
Synacor Inc. (SYNC) stock surged 4.17 percent to $9.50 in the premarket trading. The company stock slumped nearly 30 percent in regular trading Thursday as its third-quarter revenue guidance fell short of expectations.
Amgen Inc. (AMGN) stock gained 3.41 percent to $82 in the premarket trading. Its second-quarter net profit rose to $1.27 billion, or $1.61 per share, from $1.170 billion, or $1.25 share, a year earlier. The company also raised its fiscal 2012 adjusted-earnings guidance to between $6.20 and $6.35 per share, up from its prior estimate of $5.90 to $6.15 per share.
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Nokia Corp. (NOK) stock advanced 1.98 percent to $2.06 in the premarket trading. The company has laid off employees within research and development at its facility in Beijing as part of its program to reduce the total number of employees by 10,000 until the end of 2013, Reuters reported.
Starbucks Corp. (SBUX) stock tumbled 10.73 percent to $46.78 in the premarket trading. The company reported the third-quarter net profit of $333.1 million, or 43 cents per share, up from $279.1 million, or 36 cents per share, last year. The most recent results fell short of the analysts’ estimate of 45 cents per share. The company also lowered its fourth-quarter earnings guidance to between 44 cents per share to 45 cents per share, from its prior estimate of 46 cents to 48 cents per share.
Facebook Inc. (FB) stock slumped 9.29 percent to $24.35 in the premarket trading. The world's largest social-networking platform swung to a second-quarter net loss of $157 million, or 8 cents per share, compared to a net profit of $159 million, or 11 cents per share, a year earlier. The adjusted net income was $295 million, or 12 cents per share, compared to $285 million, or 12 cents per share, last year. The results were in line with an estimate in a Reuters’ survey of analysts of 12 cents per share.
Logitech International SA (LOGI) stock plunged 4.91 percent to $8.33 in the premarket trading. The stock has a 52-week low of $7.10, a 52-week high of $12.09 and $1.37 billion in market capitalization.
Newmont Mining Corp. (NEM) stock plunged 4.23 percent to $44.14 in the premarket trading. The company reported the second-quarter adjusted net profit of $294 million, or 59 cents per share, down from $445 million, or 90 cents per share, a year earlier. The most recent results widely missed the analysts' estimate of 93 cents per share.
Zynga Inc. (ZNGA) stock fell 1.10 percent to $3.14 in the premarket trading. The company stock slumped more than 37 percent in regular trading Thursday after lowering its full-year earnings outlook. The law firm of Wohl & Fruchter LLP announced Thursday that it has commenced an investigation concerning possible violations of federal securities laws and breaches of fiduciary duty by officers and directors of Zynga.
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