Here’s a pre-open look at several stocks making moves this morning: United Rental Inc. (NYSE: URI), Intuitive Surgical Inc. (NASDAQ: ISRG), Yahoo! Inc. (NASDAQ: YHOO), Cree Inc. (NASDAQ: CREE), and Seagate Technology PLC (NASDAQ: STX).
United Rental Inc. (NYSE: URI) is up 10% in the pre-market to $45.00, just $0.08 shy of its 52-week high. The equipment rental company reported reported first quarter earnings after markets closed last night, and handily topped consensus estimates on EPS and revenues. Revenues totaled $656 million, well above the consensus estimate of $609 million, and adjusted EPS totaled $0.36, shattering the consensus estimate of $0.05.
Intuitive Surgical Inc. (NASDAQ: ISRG) is up about 5.5% this morning at $575.75, well above the 52-week high of $554.13. The maker of robotic surgical devices posted revenues of $495.2 million, up 28% year-over-year and substantially better than the consensus estimate of $466.7 million. EPS totaled $3.50 compared with the consensus estimate of $3.09.
Yahoo! Inc. (NASDAQ: YHOO) is up about 2.7% this morning at $15.42. The internet portal posted revenues last night of $1.08 billion, up just 1% over the same period a year ago and slightly better than the consensus estimate of $1.06 billion. EPS came in at $0.23, also better than the consensus estimate of $0.17.
Cree Inc. (NASDAQ: CREE) is down about -3.5% in the pre-market at $30.20. The LED lighting maker missed the consensus revenue estimate of $301 million, posting revenue for its third fiscal quarter of $285 million. The company also missed the consensus EPS estimate of $0.21 by a penny.
Seagate Technology PLC (NASDAQ: STX) is up about 3.2% in the pre-market at $28.78, within a quarter of a new 52-week high. The disk drive maker posted revenue of $4.45 billion compared with a consensus estimate of $4.37 billion and adjusted EPS of $2.64 compared with an estimate of $2.10.