Sonntag, 9. Mai 2010

Early-Market Movers: InVentiv Health, Oclaro

Stock futures were pointing to a positive opening following the better-than-expected April employment report that showed 290,000 new jobs were created.

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

InVentiv Health Inc. (VTIV)

The pharmaceutical company announced it would be acquired by a private equity firm, Thomas H. Lee Partners LP for $900 million, or $26 per share. The stock was up 5.6% in pre-market trading.

Crocs Inc (CROX)

Shares were up 5.3% in pre-market trading after the footwear manufacturer announced first-quarter results beating the Street reporting earnings of seven cents per share on revenue of $166.9 million. Analysts had estimated earnings of two cents per share and revenue of $159.95 million.

Hansen Natural Corp (HANS)

The beverage company posted first-quarter results missing analyst estimates reporting earnings of 35 cents per share on revenue of $270.6 million. Analysts had been expecting earnings of 46 cents per share and revenue $257.24 million. Shares slumped 14.8% in pre-market trading.

Genoptix Inc (GXDX)

Shares were down 13.1% in pre-market trading after the laboratory service provider posted first-quarter results below Street expectations reporting earnings of 29 cents per share on revenue of $47.4 million. Analysts had estimated earnings of 41 cents per share and revenue of $53.17 million.

Sequenom Inc. (SQNM)

The genetics and diagnostic testing company released first-quarter results late Thursday posting a loss of 27 cents per share in line with analyst estimates. Shares slid 8.9% in pre-market trading Friday.

Oclaro, Inc. (OCLRD)

The optical component manufacturer announced it had priced its six million share common offering at $12 per share. Dilutive pressure drove shares down 6.6% in pre-market trading.

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