Samstag, 14. November 2009

Early-Market Movers: Telestone Technologies, Medidata Solutions

Stock futures were pointing to a slightly higher open ahead of the release of consumer sentiment numbers.

Here are some of the early-market movers for Friday.

Telestone Technologies Corp. (TSTC)

Shares of the wireless communications company jumped 30% in pre-market trading after posting record third-quarter earnings. The company reported earnings of 41 cents per share on revenue of $18.9 million. Revenue was up 124.7% from the same period last year.

RINO International Corp. (RINO)

The environmental-protection services company announced third-quarter results beating analyst expectations. The company reported non-GAAP earnings of 62 cents per share on revenue of $63.3 million. The Street had been expecting earnings of 47 cents per share and revenue of $44.22 million. Shares were up 23% in pre-market trading.

Playboy Enterprises Inc. (PLA)

Sources close to the matter say Playboy Enterprises is in talks with the Iconix Brand Group, which could buy the adult magazine in a deal valued at up to $300 million. Shares were up 8.1% in pre-market trading.

Zagg Inc. (ZAGG)

Third-quarter results came in below expectations sending the stock down 16% in pre-market trading. The company reported earnings of four cents per share on revenue of $9.73 million while analysts had estimated earnings of six cents per share with revenue of $10.49 million.

Cadence Pharmaceuticals Inc. (CADX)

Shares were down 10.1% in pre-market trading after announcing that the FDA had extended its new drug application review for Cadence’s intravenous acetaminophen by three months.

Medidata Solutions, Inc. (MDSO)

Shares of the clinical software developer were up 7% in pre-market trading after beating expectations with third-quarter results and raising its full year earnings guidance. The company reported non-GAAP earnings of 15 cents per share on revenue of $35.2 million. Analysts had been expecting earnings of 4 cents per share and revenue of $33.6 million.

Early-Market Movers: IMS Health, Whole Foods MarketFirst Horizon loss narrows