Monday, October 25, 2010

Top NYSE Pre-Market Stock Gainers (BYD, ODP, General Electric)

Boyd Gaming Corporation (NYSE:BYD) added 0.13% to $8 in pre market trading hours. The company said Monday its third-quarter earnings slipped to $5.6 million, or 6 cents a share, from $6.3 million, or 7 cents a share, in the year-ago period. Analysts polled by FactSet Research were looking for earnings of 5 cents a share, on average. Revenue fell 4.1% to $595.4 million from $620.8 million. The Wall Street consensus was for sales of $575.9 million. The company has a market capitalization of $688.95 million. Office Depot, Inc. (NYSE:ODP) added 6.91% to $4.95 during the pre market. The company on Monday said Chairman and CEO Steve Odland will resign on Nov. 1. Board member Neil Austrian will serve as interim chief executive officer and chairman while the board searches for a replacement. The company said it expects third-quarter earnings of 3 cents a share, excluding a one-time gain of 15 cents a share, and revenue of $2.9 billion, compared to the Wall Street estimate for a loss of 2 cents a share and revenue of $2.9 billion, in a survey of analysts by FactSet Research. The stock has a 52-week range of $3.36-$9.19 and is down more than 29% year-to-date. General Electric Company (NYSE:GE) advanced 0.72% to $16.17 in pre market hours. The company said Monday it won a $750 million contract to expand an electric power station in Andhra Pradesh, India, with gas turbines. The company said the deal includes the sale of six Frame 9FA gas turbines, three D-11 steam turbines, training, and long-term services. As of now, the market capitalization of the company stood at $171.65 billion.
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