SanDisk Corp, Chesapeake Energy Co, Google Inc, Nokia Corp, Marvell Technology Group, Aviva Plc, Microsoft Corp, Deutsche Bank AG and Advanced Micro Devices are among the companies whose shares are moving in pre-market trading Friday.
SanDisk Corp. (SNDK) stock surged 3.59 percent to $44.40 in pre-market trading. Its third quarter adjusted net profit declined to $117.8 million or $0.48 per share from $292.2 million or $1.20 per share in the same period last year but topped analysts’ estimate of $0.33 per share.
Chesapeake Energy Co. (CHK) stock gained 1.85 percent to $21.98 in pre-market trading. The stock has a 52-week low of $13.32, a 52-week high of $29.87 and $14.36 billion in market capitalization.
Google Inc. (GOOG) stock gained 1.33 percent to $704.26 in pre-market trading. The company’s stock tumbled 8 percent in regular trading Thursday it reported the third quarter earnings that fell short of expectations. The search engine giant reported the third quarter adjusted net profit of $3 billion or $9.03 per share, down from $3.18 billion or $9.72 per share in the same period last year and below Reuters’ estimate of $10.65 per share.
Nokia Corp. (NOK) stock gained 2.86 percent to $2.88 in pre-market trading. The stock has a 52-week low of $1.63, a 52-week high of $7.38 and $10.49 billion in market capitalization.
Marvell Technology Group Ltd. (MRVL) stock tumbled 11.66 percent to $7.80 in pre-market trading after the company lowered its third quarter revenue guidance. The company currently expects the third quarter revenue to be in a range of $765 to $785 million, down from its prior estimation of $800 to $850 million and below analysts’ estimate of $813.41 million.
Aviva Plc. (AV) stock fell 2.75 percent to $10.97 in pre-market trading. The stock has a 52-week low of $7.78, a 52-week high of $12.26 and $16.26 billion in market capitalization.
Microsoft Corp. (MSFT) stock declined 1.78 percent to $28.97 in pre-market trading. The company reported that its first quarter profit declined 22 percent compared to the same period last year as its personal computer business was affected by the soft market demand. Net profit declined to $4.47 billion or $0.53 per share from $5.74 billion or $0.68 per share in the same period a year-earlier. Revenue declined 8 percent to $16.01 billion from $17.37 billion last year.
Deutsche Bank AG (DB) stock plunged 1.60 percent to $45.63 in post-market trading. The company stock was downgraded to an “underweight” rating from “neutral” rating at JPMorgan Chase Thursday.
Advanced Micro Devices, Inc. (AMD) stock declined 1.53 percent to $2.58 in pre-market trading. The company swung to the third quarter net loss of $157 million or $0.21 per share compared to the net profit of $97 million or $0.13 per share in the same period last year. Revenue declined to $1.27 billion from $1.69 billion last year while analysts expected a net loss of $0.15 per share on revenues of $1.28 billion.
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