Stock futures were mixed following the release of June personal income and spending data which were unchanged while economists had been expecting a slight rise.
Here are some early-market movers for Tuesday.
Cognizant Technology Solutions (NASDAQ: CTSH)
Shares of the IT consulting company jumped 11% in pre-market trading after posting a second-quarter beat reporting non-GAAP earnings of 59 cents per share on revenue of $1.11 billion. Analysts had estimated earnings of 52 cents per share and revenue of $1.02 billion.
Solarfun Power Holdings (NASDAQ: SOLF)
The solar power component manufacturer announced second-quarter results of non-GAAP earnings of 69 cents per share on revenue of $258.5 million. The Street had been expecting earnings of 25 cents per share and revenue of $212.8 million. Shares climbed 10.4% in pre-market trading.
Nova Measuring Instruments (NASDAQ: NVMI)
The process control system company announced second-quarter results beating expectations sending shares up 9.6% in pre-market trading. The company reported earnings of 18 cents per share on revenue of $19.4 million while analysts had estimated earnings of 12 cents per share and revenue of $16.9 million.
Acorda Therapeutics (NASDAQ: ACOR)
The biopharmaceutical company announced a smaller second-quarter loss than expected of 18 cents per share on revenue of $42.84 million. Analysts had been expecting a loss of 46 cents per share and revenue of $28.98 million. Shares were up 7.8% in pre-market trading.
Sykes Enterprises Inc (NASDAQ: SYKE)
Shares of the outsource contact management company sank 31.3% in pre-market trading Tuesday following the release of disappointing second-quarter results after the close Monday. The company reported earnings excluding items of 14 cents per share and revenue of $299.2 million. Analysts had estimated earnings of 30 cents per share and revenue of $308.16 million.
MGM Resorts International (NYSE: MGM)
Shares of the gaming and entertainment company slid 4.4% in pre-market trading after posting a larger second-quarter loss than expected of $2.00 per share on revenue of $1.54 billion. Analysts had been expecting a loss of 24 cents per share and revenue of $1.36 billion.


You must login to comment.