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Market Overview

Benzinga’s Top Pre-Market Gainers (STP, URBN, PETM, GERN, SIGM)

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Suntech Power Holdings Co., Ltd. (ADR) (NYSE: STP) increased 4.90% to $14.35 in the pre-market session. Suntech reported a fourth-quarter profit of $49.9 million, or $0.27 per share, as compared to a loss of $109.1 million, or $0.69 per share for the same quarter last year. Analysts had expected STP to report earnings of $0.12 per share. Revenue rose to $583.6 million, from $414.4 million for the same period last year. The 52-week trading range for STP is $5.17 - $21.38. In the last year, Suntech Power Holdings has gained over 124%.

Urban Outfitters, Inc. (NASDAQ: URBN) climbed 4.64% to $34.95 in the pre-market session after Urban Outfitters reported a fourth quarter profit of $78 million, or $0.45 per share. Analysts had expected URBN to report earnings of $0.40 per share. In the previous trading session, URBN closed at $33.40. Urban Outfitters has surged over 100% in the last year.

PetSmart, Inc. (NASDAQ: PETM) jumped 11.12% to $30.79 in the pre-market session. PetSmart announced yesterday that for fiscal 2010, it expects total sales growth in the low to mid single digit range and earnings per share to be in between $1.73 - $1.83. The 52-week trading range for PETM is $16.17 - $28.10. PetSmart closed at $27.71 in the last trading session.

Geron Corporation (NASDAQ: GERN) moved up 6.35% to $6.20 in the pre-market session. The 52-week trading range for GERN is $3.67 - $9.24. Geron Corporation has declined over 15% in the last six months. GERN closed at $5.83 in the previous trading session.

Sigma Designs, Inc. (NASDAQ: SIGM) surged 6.82% to $13 in the pre-market session after Sigma Designs reported yesterday a fourth quarter net revenue of $68.1 million, as compared to $47.3 million for the same quarter last year. In the last trading session, SIGM closed at $12.17. The 52-week trading range for SIGM is $9.95 -$ 17.63.

 

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Posted-In: Pre-Market Outlook Movers