Market Insider

What's Shaking: Wednesday's Early Movers

Take a look at some of Wednesday morning's early movers:

Apple – The company reported a blowout fiscal first quarter, earning $13.87 per share versus estimates of $10.08. Revenue also swamped consensus, and Q2 guidance also exceeded analyst forecasts.

United Technologies - The company reported quarterly profit of $1.47 per share, one cent above estimates.

Boeing - Boeing earned $1.84/share for the fourth quarter, beating estimatesof $1.01. The figure included a favorable tax settlement of $0.52, which analysts had factored into their estimates.

Goldman Sachs , Morgan Stanley - Both stocks have been downgraded to "neutral" from "overweight" at JPMorgan Chase.

Starbucks - Oppenheimer has upgraded the stock to "outperform" from "perform", with a price target of $56.

McDonald's - Oppenheimer downgrades the Dow component to "perform" from "outperform", although the firm says the move doesn't represent a fundamental change in its outlook for McDonald's.

Yahoo – In its first report under new CEO Scott Thompson, Yahoo matched estimatesby reporting fourth quarter profit of $0.24 per share, with revenues essentially in line as well.

Agco – Japan’s leading tractor maker, Kubota, is said to be in talks to buy an unnamed overseas farm equipment maker for $2.6 billion, with Agco reported to be among the possible targets.

Norfolk Southern – The Dow Transport component’s fourth quarter revenues missed analyst estimates, though earnings were 19% higher than a year earlier.

Illumina – Roche is offering $5.7 billion in cash to buy the U.S. gene sequencing company, an 18% premium over Tuesday’s closing price. The deal is worth $44.50 per share, with Roche already holding a small number of Illumina shares.

Wellpoint - The managed care provider reported fourth quarter profit of $0.99 per share, excluding certain items, which was 13 cents below estimates. The company is calling 2011 a "successful" year, though, and is also raising its quarterly dividend to 28.75 cents per share from 25 cents.

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