12 Stocks Moving In Friday's Pre-Market Session
Advanced Micro Devices, Inc. (NASDAQ: AMD) shares rose 25.19 percent to $3.28 in pre-market trading as the company reported better-than-expected results for the first quarter and issued strong revenue guidance for the current quarter.
Concordia Healthcare Corp (NASDAQ: CXRX) shares rose 8.43 percent to $33.07 in pre-market trading. Blackstone Group LP (NYSE: BX) is considering a bid for Concordia Healthcare, according to sources as reported by Bloomberg on Thursday. Concordia Healthcare reported the formation of a special committee to review strategic alternatives.
Skechers USA Inc (NYSE: SKX) shares rose 7.14 percent to $33.00 in pre-market trading on better-than-expected Q1 results.
Valeant Pharmaceuticals Intl Inc (NYSE: VRX) rose 5.28 percent to $35.10 in pre-market trading. The Wall Street Journal reported that Perrigo's CEO Joseph Papa will be named new Valeant CEO as early as next week.
Norfolk Southern Corp. (NYSE: NSC) rose 4.68 percent to $86.50 in pre-market trading on upbeat Q1 earnings.
Southwestern Energy Company (NYSE: SWN) rose 4.03 percent to $11.10 in pre-market trading on strong Q1 results.
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Alphabet Inc (NASDAQ: GOOGL) shares fell 4.96 percent to $741.32 in pre-market trading as the company reported weaker-than-expected results for its first quarter on Thursday. The company reported adjusted earnings of $7.50 per share on revenue of $20.26 billion.
Microsoft Corporation (NASDAQ: MSFT) shares fell 4.45 percent to $53.30 in pre-market trading as the company reported weaker-than-expected earnings for its third quarter on Thursday.
Visa Inc (NYSE: V) shares fell 4.38 percent to $77.25 in pre-market trading. Visa reported upbeat earnings for its second quarter, but the company lowered its revenue forecast for the full year.
Starbucks Corporation (NASDAQ: SBUX) shares fell 3.40 percent to $58.58 in pre-market trading. Starbucks reported in-line earnings for its second quarter, but the company missed analysts’ sales expectations. The company also narrowed its profit outlook for the full year.
AutoNation, Inc. (NYSE: AN) shares fell 3.23 percent to $46.50 in pre-market trading. AutoNation reported Q1 adjusted earnings of $0.90 per share on revenue of $5.12 billion.
Caterpillar Inc. (NYSE: CAT) shares fell 2.26 percent to $76.92 in pre-market trading. Caterpillar reported downbeat earnings for the first quarter and lowered its outlook for the full year.
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