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Early-Market Movers: NVIDIA, Crocs

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

Stock futures were moving deeper into the red after  the national unemployment jumped to 10.2% last month.

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

NVIDIA Corp. (NVDA) 

Shares of the computer graphics technology manufacturer were up 6.4% in pre-market trading Friday after releasing better-than-expected third-quarter results Thursday. The company reported non-GAAP earnings of 19 cents per share on revenue of $903.2 million. Analysts had been expecting earnings of 10 cents per share on revenue of $838.09 million.

Skyworks Solutions, Inc. (SWKS) 

The semiconductor company beat the Street with fourth-quarter results posting non-GAAP earnings of 25 cents per share on revenue of $228 million. Analysts had estimated earnings of 22 cents per share on revenue of $222.28 million. Shares were up 5.7% in pre-market trading. 

Starbucks Corp (SBUX) 

Higher demand for coffee and cost-cutting measures drove a better-than-expected fourth quarter for Starbucks. The company reported earnings, excluding items, of 24 cents per share on revenue of $2.48 billion. Analysts had been expecting earnings of 21 cents per share on revenue of $2.39 billion. 

Taser International Inc. (TASR) 

Shares of the less-than-lethal defense systems manufacturer were up 6.7% in pre-market trading after it was reported that Wisconsin police successfully used the company’s XREP projectile to subdue a knife wielding suicidal woman who was threatening herself and another person. No one was harmed during the incident and the company said this was the first successful deployment of the product outside of the pilot programs. 

Hansen Natural Corp (HANS)

The beverage manufacturer posted third-quarter results after the bell Thursday, missing Street expectations. The company reported earnings of 50 cents per share on revenue of $307.9 million. Analysts had been expecting earnings of 63 cents per share and revenue of $309.2 million. Shares were down 8% in pre-market trading on Friday.

Crocs Inc (CROX)

Despite posting a surprise third-quarter profit after the bell Thursday, shares were down 7.6% in pre-market trading Friday after lowering its forecast. The company reported earnings, excluding items, of one cent per share while analysts had been expecting a loss of eight cents per share. Citing seasonality of its business, the company warned that it may post a larger than expected loss for the current quarter.

 

 



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