What's Shaking: Monday's Early Movers
Take a look at some of Monday morning's early movers:
Hasbro – The toymaker earned $1.06 per share for its fourth quarter, one cent above estimates, and also raised its quarterly dividend 20% to 36 cents per share.
Humana – The health insurer matched estimates by earning $1.20 per share for the fourth quarter, and also raised its 2012 EPS forecast range by 10 cents to $7.50 - $7.70 per share. However, that range is below analyst estimates of $7.99.
Micron Technology - Micron President and Chief Operating Officer Mark Durcan has been named to succeed CEO Steve Appleton, who passed away in a small plane crash.
Aeropstale – The teen retailer’s chairman and former CEO Julian Geiger has resigned. He’ll be replaced by board member Karin Hirtler-Garvey.
Eli Lilly - The drug maker will freeze base pay for most employees this year, as it deals with financial pressures caused by patent expirations on best-selling drugs like Zyprexa.
Boeing – The company has identified a problem related to the fuselage in its 787 Dreamliner aircraft, but does say that repairs will not affect production.
General Motors , Ford – The stocks could move following upbeat comments by auto dealers at a meeting of the National Automobile Dealers Association in Las Vegas over the weekend. The group’s chief economist says sales should hit 13.9 million vehicles this year, while the average purchase price should set a record.
Fedex - Bank of America/Merrill Lynch has upgraded its rating on the stock to "buy" from "neutral".
Sohu.com - The Chinese internet portal beat estimates by earning $1.36 per share, excluding certain items, for the fourth quarter, 12 cents above estimates. However, its first quarter EPS forecast of 50 to 55 cents per share is well below analyst forecasts of $1.13 per share.
Motorola Mobility - Investor Carl Icahn has cut his stake in the company to 8.68 percent from 10.08 percent, according to an SEC filing.
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