Online Resources Corporation, JDS Uniphase Corp, Ericsson, QUALCOMM Inc, Keryx Biopharmaceuticals, Fusion-IO Inc, Facebook Inc, and Nokia Corporation are among the companies whose shares are moving in the pre-market trading Thursday.
Online Resources Corporation (NASDAQ:ORCC) stock rallied 14.29 percent to $2.40 in pre-market trading. Electronic payment services provider, ACI Worldwide Inc, announced Thursday that it will buy Online Resources Corp, in an all-cash deal with an equity value of about $126.6 million.
JDS Uniphase Corp (NASDAQ:JDSU) stock climbed 13.95 percent to $14.13 in pre-market trading. The company reported a turnaround to profit in the second quarter on higher revenues and margins and provided its third quarter forecast in line with analysts’ expectations. The company’s net income stood at $4.1 million or $0.02 per share, compared to a net loss of $10.2 million or $0.04 per share in the same period last year.
Ericsson (NASDAQ:ERIC) stock surged 10.59 percent to $11.80 in pre-market trading. The company reported increase in adjusted earnings from last year on higher sales and margin. The earnings, excluding items and ST-Ericsson charge of 1.07 kronor per share, are higher than last year's 0.81 kronor per share.
Net sales increased 5 percent to 66.9 billion kronor from 63.7 billion kronor a year ago, sales climbed 23 percent sequentially.
QUALCOMM Inc (NASDAQ:QCOM) stock advanced 6.19 percent to $67.46 in pre-market trading. The company reported first quarter earnings and revenue beating Wall Street expectations and raised its financial targets for 2013. The San Diego, CA-based company's profit surged 36 percent to $1.91 billion, or $1.09 per share, in comparison to a profit of $1.4 billion, or 81 cents per share, reported in the same period last year.
Revenues rose to $6.02 billion from $4.68 billion in the year-ago quarter and topped Wall Street expectations of $5.9 billion, according to Reuters. The company raised its earnings per share target to a range of $4.25 to $4.45 from a previous outlook of $4.12 to $4.32.
Keryx Biopharmaceuticals (NASDAQ:KERX) shares rose 3.06 percent to $8.75 in pre-market trading. The company Thursday announced the pricing of its underwritten public offering of common stock consisting of 8,234,000 shares at $8.49 per share.
Fusion-IO Inc (NYSE:FI) stock plunged 18.87 percent to $16.30 in pre-market trading. The shares traded down as the company slashed its fiscal 2013 revenue forecast as key customers Facebook Inc (NASDAQ:FB) and Apple Inc (NASDAQ:AAPL) delayed orders.
Facebook Inc (NASDAQ:FB) stock declined 5.57 percent to $29.50 in pre-market trading. Citigroup slashed its recommendation on Facebook to neutral from buy, but kept its target price at $30, after the tech company reported fourth-quarter earnings. The company reported a fourth quarter adjusted net income of $0.17 per share after the market close Wednesday, up from $0.15 per share a year ago, beating a consensus estimate of earnings per share of $0.15.
Nokia Corporation (NYSE:NOK) stock lost 5.13 percent to $3.88 in pre-market trading. The company stock plunged 3 percent in regular trading Tuesday. The company announced Thursday that Toyota Motor (NYSE:TM) in Europe chose the company's 'Here Platform' to power its new-generation Touch & Go navigation and infotainment systems.
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