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Early-Market Movers: Suntech Power Holdings, Netease.com

 
By Michael Goldstein
FOXBusiness
     

    Stock futures were pointing to a lower opening as after initial jobless claim numbers remained unchanged at 505,000 and following declines in the European markets. 

    Here are some of the early-market movers for Thursday. 

    Suntech Power Holdings Co Ltd. (STP) 

    Shares were up 4.3% in pre-market trading after beating the Street with third-quarter results. The company reported earnings of 16 cents per share on revenue of $473.1 million. Analysts had estimated earnings of eight cents per share on revenue of $462.58 million. 

    NetApp Inc. (NTAP) 

    The data storage solution provider released second-quarter results after the bell Wednesday beating analyst estimates. The company reported non-GAAP earnings of 37 cents per share on revenue of $910 million. Analysts had been expecting earnings of 30 cents per share on revenue of $881.55 million. Shares were up 4% in pre-market trading Thursday. 

    China Medical Technologies Inc. (CMED) 

    The Chinese medical device company reported a second-quarter loss of 26 cents per depository share on revenue of $24.3 million. Revenue was down 14.4% from the same period last year and shares were down 17.4% in pre-market trading. 

    Microvision Inc. (MVIS

    Shares were down 13.6% in pre-market trading Thursday after the vehicle display company announced it is planning to sell an undisclosed amount of shares in a public offering. 

    Hot Topic Inc. (HOTT

    Shares of the online retailer were down 11.7% in pre-market trading after saying releasing updated earnings guidance for the fourth quarter below current analysts. The company reported third-quarter earnings of 13 cents per share which is inline with analyst estimates. 

    Netease.com Inc. (NTES) 

    The provider of Chinese online services and content posted third-quarter results after the bell Wednesday missing analyst estimates. The company reported earnings of 44 cents per depository share on revenue of $128.8 million. Analysts had been expecting earnings of 48 cents per depository share on revenue of $138.7 million. Depository shares were down 10% in pre-market trading on Thursday.

     

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