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Market Overview

Benzinga’s Top Pre-Market Gainers (YHOO, ALTR, SANM, KTCC, GILD, SIFY)

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Yahoo! Inc. (NASDAQ: YHOO) increased 3.19% to $16.50 in the pre-market session. Yahoo! Inc. reported yesterday a fourth quarter GAAP net income of $153 million or $0.11 per share, as compared to a loss of $303 million or $0.22 per share for the same quarter last year. The 52-week trading range for YHOO is $10.85 - $18.02. In the last six months, Yahoo! has declined 8%.

Altera Corporation (NASDAQ: ALTR) climbed 5.52% to $22.36 in the pre-market session. Altera Corporation reported yesterday a fourth-quarter profit of $103 million, or $0.34 per share, as compared to a profit of $83 million, or $0.28 per share, in the year ago period. Revenue was $365 million from $314.5 million. In the previous trading session, Altera Corporation closed at $21.19 in the last trading session. Altera Corporation has surged over 33% in the last year.

Sanmina-SCI Corporation (NASDAQ: SANM) jumped 15.45% to $14.20 in the pre-market session after Sanmina-SCI Corporation announced yesterday that for the second quarter of 2010, it expects revenue to be in the range of $1.45 billion - $1.55 billion and non-GAAP diluted earnings per share to be in between $0.22 - $0.27. Sanmina-SCI Corporation made a new 52 week high yesterday at $12.45. SANM closed at $12.30 in the last trading session.

Key Tronic Corporation (NASDAQ: KTCC) moved up 34.18% to $5.30 in the pre-market session. Key Tronic Corporation reported yesterday a second quarter total revenue of $44.8 million, as compared to $47.0 million in the year ago period. The 52-week trading range for KTCC is $0.76 - $4.01. Key Tronic Corporation closed at $3.95 in the previous trading session.

Gilead Sciences, Inc. (NASDAQ: GILD) surged 5.91% to $47.52 in the pre-market session. Gilead Sciences, announced yesterday a fourth quarter total revenues of $2.03 billion, as compared to $1.43 billion for the same quarter last year . In the last trading session, Gilead Sciences closed at $44.87. The 52-week trading range for GILD is $40.62 - $53.28.

Sify Technologies Limited (NASDAQ: SIFY) climbed 28% to $2.19 in the pre-market session after Sify Technologies announced today its consolidated unaudited results for the third quarter of fiscal year 2009-10. Sify Technologies closed at $1.71 in the last trading session. In the last year, SIFY has gained over 55%.

 

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Posted-In: Pre-Market Outlook Movers