NEW YORK (MarketWatch) – Shares of the following companies made notable moves in pre-market action on Tuesday:
Gainers
Burger King Holdings (BKC) shares jumped 10%. Fourth-quarter earnings were $59 million, or 43 cents a share, compared to $51 million, or 37 cents a share, in the same period a year ago. Revenue for the three months ended June 30 fell to $630 million compared to $646 million in the fourth quarter of fiscal 2008, down 2%. Analysts polled by FactSet Research had estimated, on average, earnings per share of 33 cents and sales of $633 million. Global comparable-store sales fell 2.4%, and the company sees continuing soft sales in the first half of fiscal 2010.
Corinthian Colleges Inc. (COCO) shares rose 11%. The company said diluted earnings per share from continuing operations were 28 cents in its quarter ended June, compared with 6 cents in the year earlier quarter. Analysts polled by FactSet Research expected earnings of 25 cents per share.
Siemens (SI) rose 5%. Merrill Lynch upgraded the German engineering firm to buy from neutral, saying that while the stock has been a laggard so far this year, it could outperform the sector from now on. The broker told clients in particular that Siemens could soon announce some new fixed-cost restructuring for its industrial automation and drive technologies business.
Decliners
Accuray (ARAY) shares slumped 10% after the medical-equipment firm’s fourth-quarter results that missed analysts expectations.
Manitowoc (MTW) fell more than 6%. It’s going to be replaced in the S&P 500 by CareFusion Corp. (CFNWI), which Cardinal Health (CAH) is spinning off after the close of trade on Aug. 31.
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