ARM Holdings, Yahoo! Inc, Advanced Micro Devices, Facebook Inc, Seagate Technology, Western Digital Corp, ArcelorMittal and United States Steel Corp are among the companies whose shares are moving in pre-market trading Tuesday.
ARM Holdings Plc (ARMH) stock climbed 6.69 percent to $30.00 in pre-market trading after the company reported the third quarter earnings. Its third quarter profit before tax rose to £55.3 million from £43.0 million in the same period last year. Diluted earnings per share were 2.96 pence compared to earnings per share of 2.29 pence in the same quarter last year. Revenue rose to $227.9 million from $192.3 million last year.
Yahoo! Inc. (YHOO) stock surged 3.36 percent to $16.30 in pre-market trading. Its third quarter net profit surged to $3.16 billion or $2.64 per share from $293 million or $0.23 per share in the same period last year due to a hefty gain from its recent sale of shares in Chinese Internet giant Alibaba Group Holding Ltd. Adjusted net income was $420.7 million or $0.35 per share, up from $266 million or $0.21 per share last year and also topped Reuters estimation of $0.26 per share.
Advanced Micro Devices, Inc. (AMD) stock gained 1.90 percent to $2.14 in pre-market trading. The company stock was reiterated with an “outperform” rating at Wells Fargo Securities Monday.
Facebook Inc. (FB) stock advanced nearly 1 percent to $19.50 in pre-market trading. The company is expected to report third quarter net profit of $0.11 per share on revenues of $1.23 billion after the markets close Tuesday.
Seagate Technology Plc (STX) stock fell 4.63 percent to $27.00 in pre-market trading. The stock has a 52-week low of $13.50, a 52-week high of $35.71 and $11.10 billion in market capitalization.
Western Digital Corp. (WDC) stock plunged 4.54 percent to $33.68 in pre-market trading as its second quarter earnings guidance fell short of expectations. The company expects that the second quarter net profit will be $1.65 to $1.85 per share on revenues of $3.55 to $3.70 billion, below analysts’ estimate of $2.44 per share on revenues of $4.14 billion. Its first quarter net income surged to $519 million or $2.06 per share from $239 million or $1.01 per share in the same period a year-earlier.
ArcelorMittal (MT) stock fell 1.81 percent to $16.26 in pre-market trading. The stock has a 52-week low of $13.28, a 52-week high of $23.62 and $25.65 billion in market capitalization.
United States Steel Corp. (X) stock declined 1.13 percent to $22.65 in pre-market trading. The stock has a 52-week low of $17.67, a 52-week high of $32.52 and $3.31 billion in market capitalization.
To contact the editor, e-mail: