Market Insider

What's Shaking: Friday's Early Movers


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

Procter & Gamble – The consumer products giant earned $1.10 per share for its fiscal second quarter, two cents above estimates, with revenues essentially in line. CFO Jon Moeller says currency issues are the key factor pressuring profits.

Ford – Ford earned $0.20 per share for the fourth quarter, five cents below estimates, although revenues were above consensus. Ford also had a one time $12.4 billion gain on a tax valuation adjustment.

Starbucks – The company earned 50 cents per share for its fiscal first quarter, one cent above estimates, with revenues above consensus as well. Starbucks also raised the low end of its full year profit forecast.

Amgen - The world’s biggest biotech company falling a penny shortwith its fourth quarter profit of $1.21 per share, but giving a fairly solid outlook.

Transocean – The stock is getting some positive action after a federal judge ruled that the company won’t have to pay third-party compensatory damagesrelated to the Gulf oil spill, but may still be liable for punitive damages.

Juniper Networks - The maker of networking gear saw a 49 percent drop in fourth quarter profit on weak router demand, and says first quarter earnings outlook will fall short of Wall Street estimates. Juniper says that weakness will continue because of cautious spending by customers like Sprint and AT&T .

Seagate Technology – The hard drive maker has added $1 billion to its stock buyback plan, as well as boosting its quarterly dividend by 39 percent.

Ryland – The company reported a modest fourth quarter profit, with the homebuilder’s new orders rising by 24 percent and the stock closing at a 52-week high on Thursday.

Riverbed Technologies – The networking equipment maker did beat estimates with its fourth quarter profits, but gave a first quarter outlook well below consensus.

Freescale Semiconductor - The chipmaker beat estimates with its fourth quarter profit, but a shrinkage in gross margins has resulted in a weaker-than-expected first quarter outlook.

Solutia - The specialty chemicals company will be acquired by Eastman Chemical in a cash and stock deal valued at $27.65/share, a 42 percent premium over Thursday's close. Eastman, meanwhile, saw fourth quarter earnings come in well below estimates, but gave a first quarter outlook that exceeded Street forecasts.

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