Stock futures pointed to another sharp market drop following Thursday’s Senate passage of the financial regulatory reform package.
Here are some of the early-market movers for Friday.
Ares Capital Corp. (ARCC)
Shares continued to rise gaining 7% in pre-market trading Friday following JMP Securities’ initiation of coverage at “Market Outperform.”
Graham Corp (GHM)
The industrial vacuum and heat transfer manufacturer missed fourth-quarter estimates reporting earnings of six cents per share on revenue of $13.8 million. Analysts had been expecting earnings of eight cents per share and revenue of $13.82 million. Shares were down 14.4% in pre-market trading.
Red Robin Gourmet Burgers Inc. (RRGB)
The restaurant chain posted mixed first-quarter results late Thursday reporting earnings of 32 cents per share on revenue of $267.5 million. Analysts had been expecting earnings of 27 cents per share but higher revenue of $275.98 million. Shares slid 12.1% in pre-market trading Friday.
Brocade Communications Systems Inc. (BRCD)
Shares of the data networking solutions company fell 11.4% in pre-market trading Friday after second-quarter revenue fell short of expectations. The company reported non-GAAP earnings of 13 cents per share on revenue of $501 million. Analysts had estimated earnings of 12 cents per share and revenue of $503.16 million.
Salesforce.com Inc. (CRM)
The relationship management technology company released first quarter results late Thursday and despite meeting estimates with non-GAAP earnings of 30 cents per share, the stock was down 8.6% in pre-market trading Friday as full year revenue guidance came in at the low end of current estimates.
Dell Inc. (DELL)
Despite strong first quarter results reported after the bell Thursday, shares slid 4.3% in pre-market trading Friday. The company reported non-GAAP earnings of 30 cents per share beating estimates of 27 cents per share but gross margin missed expectations due to component supply issues.
Early-Market Movers: InVentiv Health, OclaroBusiness briefs: Community Health’s profits increase
